Category: General
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Step-Up in Basis Explained
Read more: Step-Up in Basis ExplainedIn estate planning, understanding tax basis isn’t just helpful—it’s essential. The way basis is calculated can dramatically affect how much your beneficiaries pay in capital gains tax when they sell inherited or…
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New York Passes Electronic Wills Law
Read more: New York Passes Electronic Wills LawNew York has officially joined a growing number of states permitting electronic wills—but that does not mean it was a wise move. On December 12, the New York Electronic Wills Act, were…
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How to Divide Assets That Can’t Be Split
Read more: How to Divide Assets That Can’t Be SplitWhen a loved one passes away, settling their estate can be one of the most emotional and complicated experiences a family faces. Even when a will is in place, dividing property among…
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How Are Trusts Taxed?
Read more: How Are Trusts Taxed?Trusts are among the most powerful tools in estate planning — but they also create some of the most misunderstood tax consequences. Understanding how trusts are taxed can make the difference between…
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What to Tell Your Successor Trustee
Read more: What to Tell Your Successor TrusteeWhen you create a revocable living trust, one of the most important decisions you’ll make is who will serve as your successor trustee — the person who steps in to manage your…
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Why You Shouldn’t use AI for Legal Advice or Legal Documents
Read more: Why You Shouldn’t use AI for Legal Advice or Legal DocumentsIn today’s digital world, it’s easier than ever to turn to artificial intelligence (AI) tools and chatbots like ChatGPT or online legal document generators when you need legal help. From online will…