Creating a Trust for the Benefit of Children from a Second Marriage

If you are in a second marriage, did you have children from your first marriage? What happens when your spouse has children that you have grown fond of? How do you treat children from a prior marriage versus the children in a current marriage? The best solution is creating a Trust(s) which can be established […]

The post Creating a Trust for the Benefit of Children from a Second Marriage appeared first on AmeriEstate Legal Plan, Inc..

Advertisements

10 Simple (and Fun) Ways to Cut Taxes This Summer

It’s already starting to feel like summer in many parts of the country. But the forecast for Washington remains unclear as officials continue to discuss various tax-related issues. No matter what happens in Washington, don’t get stuck in a holding pattern yourself. Give some attention to business and personal tax planning this summer. Here are […]

The post 10 Simple (and Fun) Ways to Cut Taxes This Summer appeared first on AmeriEstate Legal Plan, Inc..

Consider Taxes before Converting Your Home to a Rental Property

Have you ever thought about becoming a landlord? This option may be tempting if your local real estate market is surging and rental rates are strong, especially if you’re already planning to relocate or downsize to a smaller home. Ideally, you’ll be able to shelter most or all of the rental income with tax deductions […]

The post Consider Taxes before Converting Your Home to a Rental Property appeared first on AmeriEstate Legal Plan, Inc..

Should Family Members Be Compensated for Caregiving Services

As we get older, one in four of us will require some level of caregiving services. This could range from simply running errands and providing occasional transportation to doctors, shopping, to providing extensive around the clock care.  Experts estimate that family members provide more than $450 billion in elder care services annually. One question is […]

The post Should Family Members Be Compensated for Caregiving Services appeared first on AmeriEstate Legal Plan, Inc..

Qualified Domestic Trusts (QDOT)

Qualified Domestic Trusts (QDOT) The basic idea of a Qualified Domestic Trust or QDOT (normally built into most revocable living trusts) is to avoid the forced payment of estate taxes on the death of the first spouse with a large estate, where the intended recipient is a surviving spouse who is a non-US citizen. Keep […]

The post Qualified Domestic Trusts (QDOT) appeared first on AmeriEstate Legal Plan, Inc..

Refinancing Your Home – The Biggest Threat to Your Living Trust

Is Your Home Properly Titled to Your Living Trust After Your Refinance? For most people their most valuable asset is their home.  Ensuring that your home and the rest of your estate passes efficiently to your heirs is a fundamental reason people create a Living Trust. Most people recognize they must transfer title to their […]

The post Refinancing Your Home – The Biggest Threat to Your Living Trust appeared first on AmeriEstate Legal Plan, Inc..

Business Continuity Solutions

How does your small business Corporation or LLC pass to your family members upon your death? We have come across many entrepreneurs and small business owners who have taken their business to the next level by incorporating into a C-Corp, or Sub-S Corporation or an LLC.  This provides the business with a lot of protection […]

The post Business Continuity Solutions appeared first on AmeriEstate Legal Plan, Inc..

Potential Heirs of Prince, say “Lets Go Crazy”

A Case for Having a Living Trust Prince Rogers Nelson (The Artist Formerly Known As Prince) died April 21, 2016 of an accidental overdose of fentanyl, a synthetic opioid drug 50 times more powerful than heroin. Prince follows a long line of celebrities who died suddenly with complicated estates, more complicated family dynamics, and no […]

The post Potential Heirs of Prince, say “Lets Go Crazy” appeared first on AmeriEstate Legal Plan, Inc..

Spring Cleaning: When Can You Purge Your Old Financial Records?

Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it’s important to make sure you won’t be caught empty-handed if an IRS […]

The post Spring Cleaning: When Can You Purge Your Old Financial Records? appeared first on AmeriEstate Legal Plan, Inc..