The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their heirs while reaping lower transfer tax consequences.

Choosing an executor is a big decision when it comes to estate planning. Here are three common questions about executors.

Many power of attorney forms allow for a variety of options in designating who may act as your agent. Depending on the rules of your state, this can be one person or more than one person.

Powers of attorney can be overridden. However, the “who” and “how” depends on whether the principal is of sound mind.

If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously. As part of your decision-making, you may also consider the things they would be prohibited from doing.

Although every state’s laws and forms vary, most power of attorney forms specify that the agency relationship created by a power of attorney ends upon a person’s death.

If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan.