Bitcoin and other forms of cryptocurrency have become increasingly popular forms of investment. But what are the benefits, and drawbacks, of these virtual investments in terms of estate planning? Can cryptocurrency even be passed to beneficiaries like other assets? The short answer is yes, but the process is much different…
Beginning February 16, 2021, only the first $1,000,000 of taxable value can be excluded from reassessment of a transfer of a principal residence by a parent to a child. Additionally, the child must use the home as their principal residence immediately following the transfer. Let’s look at an example: Henry…
It’s helpful if you can let your doctors know in advance what you want to happen if you can’t speak for yourself. An Advance Health Care Directive lays out who you want to speak for you and what kind of treatments you want. In this way, you are prepared before health care decisions need to be made.
Our probate calculator may help you determine how much probate will cost, and how much you could save by having a living trust.
If you’re named the agent under someone’s power of attorney, the person gave you permission to step into their shoes and act on their behalf. Meet with an estate planning attorney to discuss your responsibilities and options.
