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Estate Planning - Probate - Trusts - Wills |
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What Is Probate?
Author: David R. Baker
What is Probate?
Nobody voluntarily chooses probate. People are too busy or preoccupied with health or other issues to plan. They pass away without a living trust and their heirs----usually their children---- find that they can't sell Mom or Dad's house without a court order or can't transfer Mom or Dad's bank account without court approval.
What's New With Your Living Trust?
Author: Jeffrey Broobin
Some time ago, Congress made certain changes to the estate taxes. As a result of the changes, effective January, 2004, the tax free amount increased to $1,500,000. (Back in 1997 it was $600,000.) This allows a married couple to leave a minimum of $3,000,000 tax free.
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