USA Today: How to leave stocks, bonds, real estate, or small business to your heirs
There's a good story in USA Today today on estate planning and the estate tax entitled, How to leave stocks, bonds, real estate, or small businesses to your heirs. Like most USA Today articles, it takes complicated concepts and puts them into simple terms, including adequate, albeit brief, explantations of the annual exclusion, carry over basis, the estate tax exemption, charitable planning, and business succession planning.
There's nothing "new" in it, but it's always good to get the word out that everyone needs some sort of plan, and to create awareness among the public as to what types of issues they may encounter if they do not plan.
Link: How to leave stocks, bonds, real estate, or small businesses to your heirs.
There's a good story in USA Today today on estate planning and the estate tax entitled, How to leave stocks, bonds, real estate, or small.
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A trust is just one more layer of "lawyerism"/"government" that a bereaved family member has to pursue.
The simple answer is that a will should not be in probate court forever. It is a simple document, describing how assets should be distributed upon a persons death.
-John