Who Needs a Will?

Testacy vs. Intestacy  At its most basic, a Last Will and Testament (“Will”) is a legal document that provides for the distribution of your assets (often referred to as your “probate estate”) upon your death.  Generally, your Will does not control the disposition of non-probate assets on your death.  Common

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The Applicable Credit Against the Estate and Gift Tax

In general, when one individual transfers money or property to another and does not receive an adequate return (i.e., makes a gift), the transfer is a potentially taxable event for the transferor.  Such transfers made during life are inter vivos transfers subject to the federal gift tax, while such transfers

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