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@jtmh most of the wills I write have trusts built into them that can spring once the person dies. We usually do a marital trust that serves to essentially double the estate tax exemption. You can als… (View Post)

I think it's important to be open with your future heirs or executors about the basic plan and where things are located. That's especially true if stuff is going to be divided unequally. If… (View Post)

One thing to consider on the trade-in vs. private sale is taxes. In some states a trade-in lowers the base cost that you are being taxed on during the sale. So you buy a $25,000 car, your trade-in is… (View Post)

We plan to distribute the money out over several decades, at least until they are old enough for us to feel like they will be responsible with it. We will also probably separate the guardian from the… (View Post)

Yes, I believe in saying no, even though I haven't had the chance to put it into practice yet. My parents told me no a lot. I think I've said this before, but the only unrestricted items fo… (View Post)