Some United Kingdom residents may benefit by choosing to purchase cash-value life insurance policies as a part of their overall estate plan. Those most likely to do so are people who already have enough assets for their own retirements, are older and who are risk-averse....
Estate Planning
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...
Making estate planning easier for the family
Some United Kingdom residents may know that one facet of estate planning involves explaining to family members what the estate plan entails and what to do if that individual should die. Because an estate plan may be complex, there might be an easier way to take care of...
Trusts as important estate planning tools
While many United Kingdom residents think that a will is the only document they will need to pass on their assets to beneficiaries when they die, there are other estate planning documents that can also be useful in a variety of circumstances. As one example, the...
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 These issues include not having a business plan at all or having an incomplete or outdated one.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...
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...
Estate planning ideas from the Robin Williams case
The late Robin Williams had prepared for his eventual death with careful estate planning, drawing up an estate plan that included a prenuptial agreement, trusts and an updated will. Even his careful preparations did not prevent well-publicized squabbles. Estate plans...
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...
Strategies to avoid probate in United Kingdom
If real estate is the only asset that an individual owns at the time of his or her death, it may be possible to avoid probate. One such strategy is to title the real estate in the name of a living trust. This allows the owner of the property to name a beneficiary who...