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Probate and Estate Planning Archives

Tim Conway’s family at odds over care of actor

Tim Conway is known for his goofy antics and oddball characters in films as well as on television shows, particularly as a member of the Carol Burnett Show cast. Sadly, the 84-year-old actor now suffers from an advanced form of dementia and lives elder care facility.

Sears and Kmart department stores repurposed

The long slow demise of Sears has been painful for those who used to love to look through the famous catalogs. These days the department store chain is perhaps remembered as a brick and mortar precursor to Amazon and other online shopping sites. However, as buying habits have changed, the stores for the budget conscious shopper fell on hard times.

Biggest beneficiaries to tax overhaul not yet born

The overhaul of the tax system has lowered the rates on some and raised rates on others. It’s much too complex to give sweeping thumbs up or thumbs down for many groups. But an article in Bloomberg has pointed out that a new law doubles the amount of wealth that can be passed to an heir, raising it to $22 million without having to pay estate or gift taxes. As of now, however, there is a window until 2025 where this can be done.

Planning your estate? Use these tips to avoid the probate process

Probate is the process in which a court oversees the distribution of your property after you are deceased. During probate, any of your outstanding debts will be addressed and your assets will be distributed according to your will.

How will the tax overhaul affect your estate planning?

Death and taxes are two things that no one likes to think about. According to the old saying, however, they are the only two things that are certain in life. Taxes have been on many people's minds recently due to the massive tax overhaul passed by the Trump administration in December of last year.

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