“Daddy, what happens to your guitars when you die?” My daughter has a habit of asking jarring questions like these, especially when she’s unable to overcome the urge – inscribed in our house rules – not to bother me in my office during working hours, unless it’s an emergency. That’s pretty much always. The first […]
In my estate planning practice, it is not uncommon to meet with a new client who wants an estate plan prepared, but is a bit vague as to what should be included in that plan. Quite frequently, the initial conversation begins with the client saying something like, “I would like a will… or should I […]
You work throughout your life, invest and save wisely. You are enough careful of risks that threaten your savings and you would definitely like to pass work on to your dear ones after investing so much time, sacrifice and effort. However, you should be pretty careful about the least amount of government interference and tax […]
ADMINISTRATION OF ESTATES IN CYPRUS Estate denotes the movable and immovable property someone processes during his/her lifetime. As a result, estate administration is strongly related to all the procedures of gathering and distributing assets and debts of a dead person to his/her descendants. In Cyprus, all matters related to administration of estates are regulated by […]
Estate planning and parenting have at least one thing in common: Both are about a future that extends beyond your lifetime. While creating a will is important for all adults, it is even more crucial for parents of minors. Nominating a trustworthy and caring guardian for your children is one of the most important choices […]
Who’s Entitled to See Your Living Trust? As a California attorney for 30 years, I’m often asked the question: Is anyone entitled to receive a copy, for example, of my parent’s living trust before one, or both, have passed away? The answer depends upon whether their trust is revocable or irrevocable. If the trust is […]
Ontario has introduced a new Estate Administration Tax (EAT) starting in 2015. The gist of the new tax is that reporting requirements will be much more stringent and will have to be done more quickly than in the past. The reporting is also more complicated and the penalties more onerous, so dealing with estates will […]
A charitable remainder trust is a tax-free, unalterable vehicle which will ensure that the beneficiary has to pay nothing for their income. This is a surefire way to give you and your significant other a steady income for the rest of your lives, and an excellent financial tool if you’re looking for better estate planning […]
It is seen that a lot of people who make estate plans are focused on one very thought, which is how can they avoid the probate procedure. The primary reason for doing this is people do not want the property or estate being caught in legal formalities of the court. Instead, they want that the […]
A Delaware Statutory Trust (commonly referred to as a DST) is, as the name suggests, a legal entity created as a trust under Delaware state law. A DST is created for real estate investment purposes, and is especially useful in a 1031 exchange. Under a DST, investors each own a pro rata share of the […]
