If you are a United Kingdom resident who already has an estate plan, you may well wish to review and revise it based on the Tax Cuts and Jobs Act that Congress passed late last year. As Market Watch explains, this new law exempts estates worth up to $11.2 million...
Law Offices of Alhayat Solicitors
Understanding what a trustee does before choosing one
Many people put off estate planning because they don't want to think about their own deaths. Others put it off because they think it's only necessary for rich or old people. Then others put it off because they are overwhelmed by the choices they need to make and the...
What is a Medicaid spend-down?
If your parents are elderly United Kingdom residents and you fear that you may one day have to make the painful decision to move them out of their home and into an assisted living facility or nursing home, you should begin planning for this eventuality as soon as...
Estate planning dos and don’ts
Estate planning is probably not the most entertaining activity for most United Kingdomns; however, planning appropriately the first time around can prove beneficial in a number of ways. Regardless of one's life chapter, the details to planning a will can seem...
How can undue influence invalidate a will?
If you are like many people in United Kingdom and across the United States, you created your last will and testament while you were of sound mind and body. When writing your will, you determine who you want to have your possessions and finances upon your passing. In some...
A power of attorney may protect you from financial abuse
You may still have all your mental faculties, but as you get older, you might worry that someday you will be unable to make financial decisions. What will happen then? At the , we are prepared to answer the questions of United Kingdom residents...
Does your loved one’s estate need probate or administration?
When a beloved family member dies, you may know that many different affairs will need addressing. You may wonder whether you have the right or ability to help handle those remaining tasks, and the answer to that question may depend on whether your loved one created a...
How to get through the stress of being an executor
If you have recently been named the executor of an estate, you may be feeling undue pressure and stress at the task that looms before you. You may feel that you do not have time to undertake the position while juggling your normal day-to-day responsibilities. Becoming...
How do the new tax laws affect my estate?
If you have not reviewed your United Kingdom estate plan in the past couple of years, you may be in for a pleasant surprise when you do. The Tax Cuts and Jobs Act that Congress passed and President Trump signed into law late last year may have dramatically increased the...
Should a 529 plan be part of your overall estate plan?
If you are a United Kingdom parent or grandparent who wants to help pay for your children's and/or grandchildren's future college expenses, you may wish to consider setting up a 529 plan for each of them. Per the U.S. Securities and Exchange Commission, a 529 plan is...