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A lot of care and consideration goes into the choosing of a beneficiary and the creation of an estate plan. Unfortunately though, things do not always work out as we’ve planned. So you might wonder, “What happens...

Thinking about worst case scenarios for your life isn’t a very enjoyable undertaking, and planning for those worst case scenarios is even harder. Suddenly, you’re seriously discussing what would happen if, for...

In our last post, we talked about the IRD taxes that your beneficiaries will have to pay after they inherit your IRA. These taxes cannot be eliminated, but they can be reduced with the “stretch out” plan we...

Your dog is more than just an animal that lives in your home. He is a family member. A companion. A friend. And like a child, your pet relies on you for food, shelter, and happiness . . . But what happens to your pet when you...

When your beneficiary inherits your tax-deferred retirement plan (whether it’s a 401(k), IRA, 403(b), or SEP) after you pass away, they are required to pay taxes on all the money they receive. These taxes, which could...

Do you own guns? Whether you have one, two, or a whole collection, it is important that you learn about gun transfer after death. If the gun (or guns) is not transferred properly, your beneficiaries could end up facing state...

Eventually every Estate Plan requires administration. What is administration in the context of an estate plan? To put it simply, it is the process that occurs after someone has passed. Many people neglect to prepare for their...

At LifeGen Law Group, estate planning is a large part of what we do. But what is estate planning? In this post, we’ll answer some of the most common questions we get. Does everyone have an “Estate”? You are...

Everyone has an email account, probably a Facebook account, online bill pay and bank accounts, and other online personalities. What happens to those accounts when you become incapacitated, or when you die? Recently, a good...

Have you ever wondered what happens to your Internet accounts when you die (or become disabled)? Assuming you’ve been very prudent and private with your passwords, no one will be able to login to your online accounts....