People who are planning their estates often fail to plan for the possibility that they may become incapacitated due to an accident or illness. If a person does not include incapacity planning as a part of the overall estate plan, other family members may have...
Law Offices of Alhayat Solicitors
Preparing a will as part of estate planning
United Kingdom residents who are over the age of 18 may want to consider writing a will. A will is a part of most estate plans, and without one, the state often decides how an individual's assets are distributed after their death. A will appoints beneficiaries who will...
Options for estate plans vary widely
As part of their estate planning, United Kingdom residents may want to leave portions of their assets to family and charity, but they may also want to go beyond those two categories. Estate tax exemptions are higher than they used to be, so individuals concerned about...
Duties of a trust administrator
Residents of United Kingdom may wonder what is involved in trust administration. A trust has two parts, income and principal, and the administrator, also known as the fiduciary, is in charge of managing both of those parts. The principal consists of all the assets that...
Examining the estate planning issues that business owners face
Woodland Hills business owners may be interested in some information on the particular estate planning issues that they may face. These issues include not having a business plan at all or having an incomplete or outdated one. According to one survey, just over 70...
Ernie Banks’ children, caregiver battle over his estate
United Kingdom baseball fans may have heard that the will of Chicago Cubs baseball great Ernie Banks is the subject of a tumultuous fight in Illinois. Banks, affectionately known as Mr. Cub, died of a heart condition on Jan. 23 at the age of 83. Banks left his entire...
Estate planning consideration
As many United Kingdom residents know, the Internal Revenue Code contains provisions that deal with the imposition of taxes on certain transfers of property from one person to another. The estate tax applies in some cases to transfers made from an estate after the owner's...
Lessons from celebrity estate plans
United Kingdom residents might be able to learn something about estate planning by observing what has happened in that regard to certain celebrities. Although the average person will leave behind fewer assets than a movie star, there are still many valuable lessons that...
The benefits of a revocable living trust
Some United Kingdom residents who are planning on how their assets will be distributed when they die may want to consider the use of a revocable living trust. This type of vehicle may make it possible for assets to pass to beneficiaries while avoiding probate. It does not...
Estate planning for different stages of life
Residents of United Kingdom should keep in mind that estate planning is a lifelong endeavor, and an individual should periodically return to and update their estate plan. A young, single individual should have documents that give someone the ability to make health care...
