
What is the seven year rule in inheritance tax in estate planning attorney?
An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be
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An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be

When people talk about “Estate Planning” they often think that it is only for the wealthy. We think that most people are living with the

Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you

Suppose your estate planning attorney is preparing an estate plan for you. Then the value of your estate is probably one of the critical factors

It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their

Overview of the Probate process The probate process begins when the executor of an estate files a petition with the probate court. During this point,

Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having

What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a

What Is Probate Probate is the judicial process whereby the court of law proves a will. The court accepts the Will as a valid public

As you get older, having a secure estate plan is essential to know your property and family will be taken care of when you are

A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults

More time may be required than most people realize to fulfill the duties of a will executor. In addition to ensuring that assets are distributed

There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not

Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must

Probate, if required, starts as soon as a loved one passes away. If the deceased had a will, the estate must go through probate, which

In a trust, the trustor, or first party, gives the trustee the power to hold title to assets for the benefit of the beneficiary, or

People appear to spend more time arranging a vacation, buying a car, or even dining out than they do picking who will inherit their assets

Why is estate planning important? The process of setting up the transfer of assets before death is known as estate planning. An estate plan tries

What is Probate? Probate is the lawful authentication and validation of a will. Moreover, the general administration of a decedent’s estate or the estate of

Everybody goes through a critical, highly delicate stage of life called old age, which calls for equally tender care. But, as you age, there are

When a person inherits any estate from his parents after the death of his parents, then that estate inherited by the person could be subjected

A durable power of attorney is one of the most crucial documents that every person after eighteen should consider. A power of attorney has primarily

For most families, the need for life insurance is the most significant concern in life. Young children face the financial burden of supporting their families,

What to do with a loved one’s possessions is probably the last thing on your mind when they pass away. But, unfortunately, we have to

Creating an estate plan entails deciding who will ultimately inherit your assets if you cannot manage your affairs independently. It also specifies how you want

What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take

Probate is the judicial process whereby there is proof of a will in a court of law, and there is acceptance. The probate makes a

What is a Probate Attorney? A probate lawyer is a qualified attorney who helps clients decide how to protect their assets after they pass away.

What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,