When a person in Rochester is planning for the future, trusts are an integral part of providing protection for themselves and their loved ones. But there are many different types of trusts to choose from and all have their own advantages and concerns. Three kinds are...
Protecting your family and your legacy is about more than deciding what you want to do with your assets. Estate planning includes a number of documents and strategies that, taken as a whole, help you accomplish your goals and protect your present and future. The right...
The children were so young and cute back then. They played with dolls and trucks and each other. Now they're taller than you and off at school or careers. Things have changed. Or have they? One of the things that might not have changed over the years: your estate...
Ex-pro wrestler and World Wrestling Entertainment CEO and Chairman Vince McMahon will sell 2,191,894 shares of his company's stock valued at nearly $40 million. The shares he plans to sell represent 6 percent of the outstanding WWE stock. WWE announced that the shares...
It's very important to know how inheritance taxes work, but you should know that these generally just apply to U.S. citizens and others who live in the United States. If the person who is passing on the assets is not a U.S. citizen and is not living in the country,...
Your estate plan should be individually tailored to your wishes, your situation and your family. One thing you might want to consider about your estate plan is whether it is likely to prevent future family disputes or cause them. This is an especially appropriate...
While you're free to do whatever you want with your will, it's often best not to keep it a secret. You don't really want there to be any surprises for your children regarding what they're going to inherit--or, perhaps more importantly, what they're not going to get....
An inheritance is typically money given by a parent to a child when the parent passes away. This has been true forever, but some parents choose to buck the trend and give their children the money in advance. One woman said that she did it to help her daughter buy a...
There are a lot of ways that a sound estate plan can benefit your business. In fact, getting things organized in this regard should be an essential part of your business strategy. This is because -- if you die unexpectedly -- the government can hit your business with...
When a parent passes away, it's important to know who has the legal authority to take care of things. When siblings don't know what the will says--or ignore it--problems can ensue. For example, one woman lived far from her father and her brother, all the way in...
