by Survived By Staff | Sep 16, 2019 | Estate Planning & Settlement, Inheritance
According to the Internal Revenue Code, when a beneficiary receives an asset from a benefactor after the individual passes away, that asset typically receives a stepped-up basis. This is the market value of the asset at the time the benefactor passes away. The...
by Survived By Staff | Aug 31, 2019 | Inheritance
With the right information, it is possible to find the bank accounts belonging to the deceased. However, sometimes finding the right information can be difficult, especially if the deceased did not keep records or kept records that are extremely disorderly. Identify...
by Survived By Staff | Aug 29, 2019 | Estate Planning & Settlement, Inheritance
Typically, only large estates have to pay out taxes, it is likely that you, as a beneficiary, will not have to pay out any taxes. Inheritance Tax An inheritance tax is a tax the beneficiary must pay upon receiving an inheritance. Inheritance Tax – Federal Level...
by Survived By Staff | Jul 30, 2019 | EOL Care, Estate Planning & Settlement, Inheritance
We all must deal with the fact that at some point in time we will face the inevitable and need to prepare for end of life. If you are trying to put some plans in place and are looking into insurance, then here are some ideas that will hopefully help you out. Types of...
by Survived By Staff | Jul 24, 2019 | Estate Planning & Settlement, Inheritance
Individuals have the ability to designate beneficiaries directly on assets such as investments, annuities, insurance products, and registered plans. By choosing to handle assets in this manner, the proceeds of the assets go directly to the beneficiary (or...
by Survived By Staff | Jul 14, 2019 | Estate Planning & Settlement, Inheritance, Uncategorized
Probate is the court process through which a will is proved valid or invalid. It is the legal process for administering the estate of the deceased. Steps Authenticating the Last Will and Testament Most states require that a will be filed with the probate court as...
by Survived By Staff | Jul 10, 2019 | Uncategorized
A trust is a document that specifies how you want your property handled after you pass away. Setting up a trust allows you to ensure that your beneficiaries responsibly handle their inheritance by setting up guidelines. In a trust, you have the power to determine...
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