Estate Planning
Do family members make the best executors?
On Behalf of Marcus, Gould & Sussman, LLP | Jan 29, 2021 | Estate Planning |
When dealing with matters of the estate, it is easy to feel overwhelmed. Estate planning has a lot of moving parts and a huge number of legal terms you likely never came across before. But it is important to start with a solid foundation. If you do, everything else will go much more smoothly.
Thus, you want to start off on a good foot by picking the best possible executor. But how do you know who makes the best fit?
Personal familiarity of executors
Huffpost discusses what makes a good executor.
Powers of attorney provide comfort in a family crisis
On Behalf of Marcus, Gould & Sussman, LLP | Sep 22, 2020 | Estate Planning |
No one knows when incapacity may strike. You could suffer a stroke or sustain a serious injury in a vehicle crash. Who will step in to manage your affairs?
If you have powers of attorney for healthcare and finances, your trusted appointees will provide capable assistance in a time of family crisis.
The healthcare POA
Some people hesitate to prepare a power of attorney, feeling that by doing so they lose their independence.
Residency and estate tax returns
On Behalf of Marcus, Gould & Sussman, LLP | Sep 16, 2020 | Estate Planning |
Whether your loved one recently passed away and you are unsure of how to approach tax matters or you are worried about the tax consequences of your own estate plan, you should have a clear understanding of relevant tax matters. From time requirements to tax rates, there are various issues to go over.
3 Reasons you should have an estate plan
On Behalf of Marcus, Gould & Sussman, LLP | Aug 20, 2020 | Estate Planning |
There are countless reasons people believe they don’t need to have an estate plan. Most commonly, they convince themselves that they are too young, too healthy, or not wealthy enough to warrant having end-of-life plans in place. On the contrary, few people wouldn’t benefit from estate planning. Here are three key reasons you should consider creating an estate plan today:
1.
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