When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it.
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding “per stirpes” and “per capita” distribution is key to that decision.
When two or more individuals own property — whether it’s a condominium, a home, or a piece of land — the relationship between the owners is very important.
Credit shelter trusts are a way to take full advantage of state and federal estate tax exemptions. Although such trusts may appear needless unless you are a multi-millionaire, there are still reasons to create them.
