Choosing the right Agent under a Power of Attorney is one of the most important choices. This article discusses the qualities of an ideal Agent and qualities to avoid in selecting an Agent. Read on to learn more. Selecting an Agent … [Read more...] about Qualities of the Ideal Agent
power of attorney
Only 44% of Americans have even a simple Will. We procrastinate for several reasons. Learn those reasons and how to push past them. Learn, briefly, why planning is important. Estate Planning is Too Important to Procrastinate … [Read more...] about Estate Planning is Too Important to Procrastinate
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency. 6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...] about 6 Important Estate Planning Considerations – Part 1: Incapacity
Most people have heard of the federal estate tax, but there is also a federal gift tax. These two taxes on asset transfers are said to be unified by the Internal Revenue Service. What does this Oklahoma unified transfer tax exclusion entail? For one thing, the estate tax exclusion is unified with the gift tax exclusion. The total exclusion for 2013 is $5.25 million. You can transfer this amount during your lifetime or upon your death free of any transfer taxes. Anything you give above this … [Read more...] about Federal Unified Transfer Tax Exclusion: Should You Use It During Your Lifetime?
One of the reasons why you should develop an ongoing relationship with an estate planning attorney is to stay informed about relevant changes to tax laws. Estate planning is an ongoing process, not an event that can be forever resolved in a single day. With this in mind, you should be aware of the key elements of the federal estate tax. … [Read more...] about IRS Releases Amount of 2014 Estate Tax Exclusion