U.S. Department of Housing and Urban Development’s Post

Check out this article from the #NorthCarolina Advisory Committee to the United States Commission on Civil Rights, that talks about their report on the #civilrights and equity of Legal Financial Obligations. Read the report: https://ow.ly/XKTQ50QJsaq https://ow.ly/Cirj50QJsas

For anyone navigating the challenges of estate planning in modern families - I explore mutual wills and the benefits of life interest trusts in ensuring the fair distribution of assets while minimising inheritance tax complications for FTAdviser.   #EstatePlanning #Inheritance #Trusts #Wills #IHT   https://lnkd.in/eFk6B5EX

Inheritance (Provision for Family & Dependants) Act 1975 - What is the claim process? As with most claims, the first step is to obtain evidence. 1975 Act claims are predominantly based on financial circumstances. As such, obtaining details of the estate value, the beneficiaries’ finances, and your client’s finances is essential. A specialist Solicitor will be able to assess the merits of the case and establish whether it is worth pursuing a claim and, if so, the likelihood of success. There is no formal protocol to follow. However, the Association of Contentious Trusts and Probate Specialists (‘ACTAPS’) have created a recommended Code of Practice to encourage cooperative working between the parties. Register for the IDRN here to download the full factsheet: https://lnkd.in/er3Msb_9 #the1975act #Inheritance #probate #familydispute #itsallwedo

A Trust may be a better estate planning option for you than a Will. Here is why: Speed: Trusts distribute assets quickly - probate often takes months/years Privacy: Trusts keep your financial details private - probate of a Will is public Fewer Battles: Trusts reduce the likelihood of disputes among heirs Control: Trusts allow control over asset management & distribution Immediate Access: Trust beneficiaries get quicker access to funds Simplified Process: Trusts simplify estate settlement, which makes the process easier for your loved ones Estate Tax Benefits: Many trusts offer tax advantages, preserving assets for beneficiaries Kindly contact us to further discuss Trusts. Wolfson and Klein-Wolfson, PLLC Syosset New York 516 415-2785 wkwlawfirm.com [email protected] free consultations #craigwolfson #susankleinwolfson (Attorney Advertising - Prior results do not guarantee a similar outcome.)

If you are over 65 years of age, an Alter Ego Trust or a Joint Spousal Trust can be used to assist with your estate tax plans and to help minimize the taxes due on your death as well as assisting in avoiding probate fees. Probate fees in BC are 1.4% of the fair market value of the assets in a person’s estate. But like anything, there are advantages and disadvantages of creating one of these trusts. See the link in our bio for the full blog post. #affirmllp #affirmcpas #yycaccountants #yvraccountants

Do you know the difference between a Revocable Living Trust and an Irrevocable Trust? A revocable living trust can be modified after it’s been created, but an irrevocable trust cannot be modified (or at least it’s very very hard to modify it). There are a few other differences too, like an irrevocable trust offers tax-shelter benefits and are harder to set up, but they’re often a better option for someone who works in an industry with a higher risk of lawsuits. When planning your trust, it’s important that you’re working with a trusted professional to ensure that you’re making educated decisions. Just because one option is right for one person doesn’t mean it’s going to be right for the next. We offer that type of customized service. Want to learn more about what we do? Visit https://lnkd.in/gfmYtjru Related Topics: trusts wills estate planning caregiver support power of attorney widow support #estateplanning #eldercare #assetplanning #californiacoast #attorney #attorneys #laws #strategicplanning #helpinghands #wealthmanagement #elder #elderly #lawyers #supporteachother

A codicil is an amendment to your existing will, enabling you to make specific changes, such as naming a new executor or designating a cherished heirloom to someone special, without starting afresh. This was particularly useful in the past when wills were handwritten, as rewriting the entire document for minor adjustments would have been a painstaking effort. Today, even though wills are typically typed, codicils remain a convenient way to keep your wishes up-to-date. 🏡 Our attorneys can help you secure your legacy in Florida and Maryland. Call now! ☎️ 301-358-0377 (MD/DC) | 954-372-2021 (FL). #FrancoisWilliamsLegal #MarylandProbateLawyer #EstatePlanningExperts #FloridaEstateLaw #MarylandProbate #RegionalEstateLawyers #EstatePlanning #ProbateLaw #TrustPlanning #WillPlanning #BusinessSuccession #LegacyPlanning #EstateLawyer #EstateAttorney #WealthManagement #FamilyLegacy

An important story - with work by CRL, Forward Justice and NC Justice Center - showing that in interactions with the criminal system, even well-intentioned policies can become a long-term financial anchor for poor people. https://lnkd.in/gY4bhBwM