Capital gains tax is a type of tax you have to pay when you sell an appreciated asset. You calculate it by subtracting your purchase price (known as…
When someone dies owning real estate, that property cannot be sold or transferred until the decedent’s name is removed from the title. Probate records become a link in…
Your typewritten Will likely reflected all your wishes when you originally signed it, but things may have changed. It may be that you’d like to replace the…
Trusts with spendthrift provisions protect assets from claims of creditors because they prevent the beneficiary or any other creditor from forcing a trustee to turn over trust…
A neighbor was at home with her young children when someone claiming to be an IRS agent called her. He told her that she owed back…
A Miller Trust, or qualified income trust, is an irrevocable trust that allows individuals qualify for Medicaid long-term care services, such as nursing home care, when they earn…
John was just about to go on vacation. He wanted to have a Will in place in case a tragic accident occurred. So, he did what many…
An Irrevocable Life Insurance Trust, or “ILIT” is an irrevocable trust that own life insurance. Historically, Americans have used ILITs as a vehicle to make gifts to beneficiaries…