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Oatlands Historic House in Leesburg, VA was built in 1804 and is recognized as one of the finest federal-period country estate homes in the country. The home and approximately 400...
Determining and defining who is an heir, issue, descendant, child or grandchild is vital to determining who will inherit your estate.
Effective January 1, 2022, Hawai‘i will join 34 other states and the District of Columbia in adopting the Uniform Trust Code ("UTC").
Connecticut and Florida join Delaware, New Hampshire and New York to offer trustors a way out. The benefits of creating a trust that qualifies for grantor trust status can be enticing—for both the beneficiaries and the trustor. Because grantor trust status means the trustor will be responsible for payment of the income tax liability associated with the trust during the trustor’s lifetime, the beneficiaries are relieved of the tax burden, and the growth of trust property is enhanced. The payment of the trust’s income taxes reduces the trustor’s estate, and, because the tax paymen...
College Ahead: How Can I Improve My Child’s Chances for Financial Aid? Dear Carrie: My daughter is starting high school this year, and I’m worried about paying for college. I’ve saved some money, but as a single mom, I’m afraid I just won’t be able to cover it all. Is there anything I can do to increase her chances of receiving financial aid?—A Reader Dear Reader: I’m glad you’re asking this question now while you still have several years to plan for college. As I’m sure you know, college can be expensive, but it’s also one of the best investments you can make in your daug...