Planning is important. If you don’t plan, your assets go pursuant to the state’s default plan, which may be very different from what you want. If you plan, you can be sure your assets go exactly to whom you want and in a manner that can benefit them the most. Make Your Own Plan … [Read more...] about Make Your Own Plan
Here it comes – that dreaded word: taxes. Coupled with “capital gains” and most people cringe when they hear it. Those who haven’t had to wrestle claim capital gains taxes yet eventually realize why just the thought of it is so overwhelming. In short, it boils down to the IRS and its cut on monies we've earned when we sell those big ticket items like stocks and real estate. She Said Yes…Then No Taking a step further, a capital gain is what happens when you sell an asset for more than what you … [Read more...] about Understanding Capital Gains Taxes in Essex Junction Vermont
A living trust is one in which you make the arrangements for one person to hold the legal titles to various properties (or a single property) for someone else. The one who holds the titles is the trustee and the one to benefit from that when the time is right is called the beneficiary. What is a Living Trust? A living trust is one created by you while you’re still living. The alternative is for a trust to be created after your death that follows what you have outlined in your will. The … [Read more...] about Is a Living Trust Necessary?