Tag Archives: Estate Planning

A Confusing But Common Estate and Life Insurance Decision

I participate in a lot of financial and estate plans, and there is a common distribution technique I never understood.  The worst part, is that it almost always unintentional.  I think most people would would agree that a child who has lost both of his or her parents should not receive money outright, and as such, hisContinue Reading

Why Most People Should Be In Favor of the Federal Estate Tax

I think it is a very easy and popular position to be against the federal estate tax (affectionately known as the “death tax”).  The arguments against the estate tax range from the simple, “the government should death tax it is hard enough” to the bit more sophisticated, “the decedent was already taxed on all earningsContinue Reading

How Not to get Ripped off with Probate

Evan’s Note: Considering that most of my day is involved with Estate Planning I was very interested in learning about the probate process in England, so I asked a buddy. Grief is a very painful process, so it is important to avoid increasing the strain on your state of mind by making sense of theContinue Reading

When’s the Last time You Reviewed your Beneficiaries?

It isn’t often discussed, but estate planning (or lack of estate planning) isn’t the only way assets pass to heirs.  A very common way an heir receives assets is pursuant to a beneficiary election or payable upon death contract.  Passing assets via a beneficiary status is not limited to just qualified retirement accounts and lifeContinue Reading

Everyone has a Default Estate Plan

It is amazing how many people believe that when someone dies without a Last Will and Testament the surviving family (and mistresses) are paraded in front of a judge and possibly even a jury to argue who the decedent loved more.  I hate to burst the bubble of anyone who loves “legal” TV shows butContinue Reading

Ownership of Life Insurance may be Important

Since we all know the main purpose of life insurance is to provide for those when you aren’t around the conversation often focuses on the beneficiary and almost no time is spent discussing the owner.  I think this is a huge shortcoming of both the legal world and the financial world because usually one side thinksContinue Reading