Estate Planning
Estate planning, with probate law, trusts and wills, can be a headache for seasoned lawyers, let alone heirs and loved ones. Inherit some estate law knowledge from an estate planning and probate lawyer in this free legal information video.
Series Summary
Estate planning is a complex business. Some who call themselves estate planners are financial advisors and others are estate planning attorneys with the power to draft legal documents. Estate planning is important because only through proper planning can an individual hope to help his or her family dodge inordinate federal taxes, handle his or her assets, avoid probate courts, save money all around and ease headaches after death or in case of incapacitation. Estate planning covers living trusts and wills that help define how someone’s resources can be used if he or she is incapacitated or deceased, and it is no wonder that many families are seeing the importance of estate planning considering the current economic clime. In this free estate law video series, a board-certified estate planning and probate lawyer, Brad Wiewel, gives information about estate planning. Wiewel discusses the ins and outs of estate planning, including revocable and irrevocable living trusts, wills and living wills, handling deeds and assets, powers of attorney and more. He answers questions on the pros and cons of certain legal documents, when to start planning, how to choose executors and what people really mean when they ask him about living wills or irrevocable trusts. Nothing contained in this video is to be considered as the rendering of legal advice for specific cases, and viewers are responsible for obtaining such advice from their own legal counsel. This production is intended for educational and informational purposes only.-
Tips for Wealth Management
Manage wealth with financial consultants, but use a good estate lawyer to save estate taxes and avoid probate in the case of death. Learn to manage wealth from an estate planning and probate lawyer in this free video on estate law.
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Retirement Planning vs. Estate Planning
Retirement planning aims to secure financial solvency during retirement, but estate planning aims to save estate taxes and rights in the case of death. Learn the difference between estate and retirement planning from an estate planning and probate lawyer in this free video on estate law.
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Do Some Heirs Have More Rights Than Others?
Heirs have rights according to their relation to the deceased, with spouses usually having the most. Learn from an estate planning and probate lawyer about situations where heirs have different rights in this free video on estate law.
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Advantages of a Living Trust
A living trust has many advantages in the estate planning arena, like potentially avoiding probate. Learn the advantages of a living trust from an estate planning and probate lawyer in this free video on estate law.
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Is an IRA or a 401k Paid According to the Will?
An individual retirement account (IRA) or 401K will list beneficiaries independently of a will. Find out from an estate planning and probate lawyer how a will affects IRA and 401K monies in this free video on estate law.
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Federal Inheritance Taxes
Inheritance taxes, or death taxes, are federal taxes imposed when someone dies. Get the scoop on federal inheritance taxes from an estate planning and probate lawyer in this free video on estate law.
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Cost of Setting Up a Living Trust
When estate planning, a living trust can be a significant cost. Learn what it costs to set up a living trust from an estate planning and probate lawyer in this free video on estate law.
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What to Do When Someone Dies
Depending on your role there are many responsibilities when someone close to you dies. Be prepared when someone passes away with tips from an estate planning and probate lawyer in this free video on estate law.
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Definition of an Estate Executor
An estate executor is named in a will to administer or manage funds for the courts and debt. Find out what an estate executor does from an estate planning and probate lawyer in this free video on estate law.
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Required Minimum Distribution
The minimum required distribution is how much money you must take from an individual retirement account (IRA) after the beginning date. Find out about required minimum distribution from an estate planning and probate lawyer in this free video on estate law.
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What Is a Family Estate Trust?
A family estate trust helps married couples retain an estate tax exemption and protects from remarriages taking money from the family. Find out what a family estate trust is from an estate planning and probate lawyer in this free video on estate law.
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When Do You Have to Probate a Will?
Probating a will takes place whenever someone dies with his or her name on an asset, like a bank account, car or house. Educate yourself on probating a will with an estate planning and probate lawyer in this free video on estate law.
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What Does it Mean if a Bank Account Says ROS?
Bank accounts with ROS, or rights of survivorship, will be the sole property of the survivor and bypass any provisions of the will. Learn what ROS means from an estate planning and probate lawyer in this free video on estate law.
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What Are Gift Taxes?
Gift taxes are federal taxes incurred when inheriting or receiving large amounts of money. Learn about gift taxes from an estate planning and probate lawyer in this free video on estate law.
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Have You Been Named in the Will?
If you are a beneficiary in a will, you will most likely receive notice after the will is entered in probate court. Learn what to do if you have been named in a will from an estate planning and probate lawyer in this free video on estate law.
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Whom to Notify When Someone Dies
A death in the family means notifying friends and loved ones, but it also means notifying authorities who issue death certificates or pronounce deaths. Learn whom to notify when someone dies from an estate planning and probate lawyer in this free video on estate law.
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What Is a Durable Power of Attorney?
Durable power of attorney allows the power of attorney to manage funds even in the event of incapacitation. Find out what durable power of attorney is from an estate planning and probate lawyer in this free video on estate law.
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What Does it Take to Be an Estate Planner?
Some estate planners are financial advisers, others are estate planning lawyers who can draft legal documents. Strengthen your understanding of being an estate planner with an estate planning and probate lawyer in this free video on estate law.
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Heirs' Rights in Absence of a Will
Without a will in place, heirs have few rights, which is why estate planning is important. Learn from an estate planning and probate lawyer about heirs' rights in the absence of a will in this free video on estate law.
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What Is Executor Compensation?
Executor compensation is how an executor of a will is paid, whether a set amount or a percent of the estate. Learn about forms of executor compensation from an estate planning and probate lawyer in this free video on estate law.
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Do You Have to File an Income Tax Return After Someone Dies?
If someone dies, executors or trustees file estate taxes and also an income tax return for the year of death. Learn about filing incoming tax after someone dies from an estate planning and probate lawyer in this free video on estate law.
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How to Set Up a Living Will
When estate planning, a living will only handles 'pulling the plug' in case of incapacity or terminal illness. Learn how to set up a living will from an estate planning and probate lawyer in this free video on estate law.
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Do You Always Have to Probate a Will?
If the deceased has assets with deeds, a will most likely will not avoid probate. Strengthen your understanding of probate court with an estate planning and probate lawyer in this free video on estate law.
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The Pros & Cons of a Bypass Trust
In estate planning the pros of a bypass trust are two tax exemptions; the con is cost. Learn the pros and cons of a bypass trust from an estate planning and probate lawyer in this free video on estate law.
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The Purpose of an Irrevocable Living Trust
Irrevocable living trusts are rare and mainly used to keep the IRS from taxing the death benefit of a life insurance policy. Learn the purpose of an irrevocable living trust from an estate planning and probate lawyer in this free video on estate law.
