Some people oversimplify the process of estate planning. They reduce the endeavor to the creation of a last will, and they leave it at that. In reality, there are a lot of things to take into consideration. There are many different ways to facilitate future asset transfers. A last will may not be the best choice for you. If you have a last will, you lose a good bit of control. The assets would be divided like slices of a pie, and the inheritors would assume direct … [Read more...] about Estate Planning: Is My Last Will Enough?
Everyone is not exposed to the federal estate tax, because there is a federal estate tax credit or exclusion. A $5 million exclusion was installed for the 2011 tax year. This base has been retained since then, but there have been annual adjustments to account for inflation. Topics covered in this report include: Estate Tax ExclusionFederal Gift TaxQualified Personal Residence Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is a Qualified Personal Residence Trust in Indianapolis?