At the same time that a life insurance payout may ease a grieving family's financial concerns, proceeds could prompt tax implications. ILITs help minimize or eliminate these issues.
North Carolina is home to more than 378,000 registered vessels. When boat owners decide how they will transfer vessels to family or how to preserve the boat for income-generating purposes after they die, they face several options with varying degrees of benefits.
Bequeathing a wine collection involves more than simply naming an heir. While one might invest many years, as well as much expense, into cultivating a wine collection, failing to address the disposition of this collection appropriately in one's estate plan might result in significant decrease in value.
Generally, the more retirement accounts one has, the more administration may be required. Here are a few items to address when managing multiple retirement assets.
Every year since 2009, attorney Steve Oshins compiles and releases a national ranking of states with the most favorable jurisdictions for Domestic Asset Protection Trusts. Learn how states rank in 2016.