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What Is Capital Gains Tax?

There are taxes to pay everywhere you turn, and you should be aware of the estate planning implications when you are looking ahead toward the future. One tax that many people do not understand fully is the capital gains tax. This tax can enter the picture if you are...

What Is Probate?

You may envision a scenario that you have seen on television or in a movie. After a character dies, the family members and friends convene at someone’s home. An important looking estate representative starts to direct certain people into a study, and there is a...

What Is a Power of Attorney?

A power of attorney is a legal device that can be used to satisfy a number of different underlying objectives. If you create a power of attorney, you are called the grantor of the device in legal parlance. In the document, you name an agent or attorney-in-fact. This...

What Is Estate Planning?

Estate planning can best be described as a process. When you plan your estate, you take legal steps to make sure that your loved ones are provided for in accordance with your wishes after you are gone. If you do nothing, and you pass away without an estate plan, the...