A Windfall and a Target: Navigating Family Expectations After Sudden Wealth
Good news in the form of a sudden windfall can put your family in a new financial position that may materially alter your legacy and estate plan.
And while it may seem like a pure positive, it can also attract the attention of the Internal Revenue Service and prompt...
The Call That Sounded Like a Scam—But Turned Out to Be an Inheritance
You’ve got to hand it to them: You nearly believed them when they said you were a partial owner of land that you inherited but never knew existed. They had names, dates, even a specific plot, supposedly with mineral rights, that you would never have been able to locate on your own....
Are you Prepared to Inherit a Windfall?
For many, the idea of receiving a large inheritance brings feelings of excitement and relief. Suddenly, years of financial worries may seemingly vanish. However, without a clear plan, your windfall can disappear as quickly as it arrived. In fact, according to the National Endowment for Financial Education, one-third of people who receive...
Spousal Inheritance Rights Can Impact Your Estate Plan
A second marriage can significantly impact estate planning, introducing new complexities that require careful consideration. Without thoughtful planning, default inheritance laws may fail to provide adequately for your new spouse.
In nearly every state, a person’s spouse has certain property rights that apply regardless of the terms of the...