You don't need to have a summer house on Lake Lanier or a private art collection big enough to rival the High Museum of Art to consider yourself the owner of an estate. In fact, virtually anyone who owns anything has an “estate” in the eyes of the law.
Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation-skipping transfer, and probate court costs.
Discover the impact of Chadwick Boseman's estate without a will, including probate details, costs, and the importance of estate planning for protecting assets and privacy. Learn from his case study.
Beneficiary designations are typically chosen upon opening a bank account, retirement account, or life insurance policy but can sometimes be forgotten. After your passing, the account's assets will be transferred directly to the beneficiary you chose.
Each business type of structure offers different levels of asset protection and affects how much you pay in taxes. But owners can exert further control over their business—both while alive and after they pass away—by placing business interests in a trust.
Discover the importance of digital estate planning and learn how to effectively manage your digital assets before the event of death. Secure your online presence and ensure a smooth transition with these essential steps.
When it comes to digital assets, there is a wide range of items to consider. The following list provides an overview of common types of digital assets and relevant terms to consider in the event of death.
In an increasingly digital world, social media has become an integral part of our lives, connecting us with friends, family, and the world around us. But have you ever considered what happens to your social media accounts when you pass away?
When it comes to popular social media platforms, each platform has its own policies and procedures for handling accounts after the user's death. Understanding these processes is crucial for effective digital estate planning.