-
Ronald Hudkins
Estate Planning is really about assurance. What estate planning
is all about is discovering the rightdevices to implement your
basic needs. What that really means is that we make use of the
mostsophisticated legal files to effectively implement your
desires. We customize each and every strategyso that you get
precisely what you desire. We do this utilizing the most up to date
tools so that wecan prepare a personalized strategy at the lowest
possible cost. Please call us today with anyquestions.
Ronald Hudkins is an advocate for consumer awareness. He has
noted that more than 70% of theAmerican public fails to make
appropriate estate plans prior to death or incapacitation and as
such;authored an Ebook "Asset Protection and Estate Planning for
All Ages" It is available for freedownload at
http://stores.lulu.com/rhudkins Articles Relative to the book's
content are as follows;
Estate Planning Article Links and Summary
Offshore Trust - Effective Estate Planning, You Decide
An over view of offshore trusts as part of viable estate
planning and the fear that keeps many clientsand attorneys from
knowing more about how to use them effectively. The creation of
offshore trustsand other financial plans is a way of shielding your
assets from the laws of the nation in which youreside.
Estate Planning - Rules and Trustees
Reviews problems associated with forming a trust such as
deciding the powers which the trustee(s)have and do not have
relative to the assets placed into a trust. If you are wisely
attempting to putsome assets into a trust (inter vivos) in your
lifetime, then you have been paying attention to theimportant
differences between wills and trusts.
Legality of Offshore Investments
Having an offshore banking account, corporation or trust are
common themes in legal thrillers, spynovels and eastern European
politics. There is a reason to be concerned about the legality of
suchaccounts, for although many people would like to include them
in their estate planning, a legalmisstep regarding the use of any
of these asset management tools could result in thousands ofdollars
lost in back tax payments and legal problems with none other than
the IRS in addition to thepossibility of spending time in prison.
With that in mind, it is not surprising that many Americans ...
Estate Planning - You're Never Too Young
Young people just starting out in life may think that estate
planning is not a high priority. However,according to a leading
expert in the field, it's never too early to consider how vital
this step is toprudent financial planning. When just starting out,
perhaps there are more worries about theimmediate needs.
Estate Planning - Protecting Your Assets From the State
Over views the U.S. Government's ability to seize your assets to
pay for long term health care.
-
Encourages proper estate planning to avoid personal property
losses.
Estate Planning - The Realities of Probate, II
Over views the probate process and weighs the financial
differences to be considered for the cost ofprobate verses
administration fees associated with a living trust. The idea of
having your will orestate go through "probate" conjures up visions
of money that should have gone to your heirs beingpeeled off and
divided up for the state's administrative services in seeing to
your last wishes.
Estate Planning - The Life Estate
Over views why the life estate is falling out of use but why it
is still relevant for an estate planner.The life estate is
something every first year law student learns about when they study
the arcaneand often bizarre history of property law that harkens
back to the days of English knights, lords andserfs, and the
transfer of property through the ceremonial throwing of dirt clods
with oaths of dutyto accompany.
The Living Will
Over views how the living will establishes your wishes as to
what happens to you should you becometerminally ill or permanently
incapacitated. A living will is not about who inherits your stocks
andbonds when you die and it doesn't designate who gets the family
home or your mother's jewelry.
Do You Really Need a Will?
A will is a document in which a person declares what they want
done with their property at the timeof death. This is an overview
of common misconceptions about a last will and testament.
Estate Planning - Changing a Will
Over views the legal complications that could result in changing
a last will and testament withoutdoing so by not using an express
change statement. "I am taking you out of the will, or "I am
goingto disinherit Gregory and leave all my money to Steven," are
statements that seem far more like theybelong in an Agatha Christie
novel than in a serious discussion of estate planning.
Estate Planning - No Contest Clause in Your Will
Over views the consideration of putting a no contest clause into
one's will if they feel the will isgoing to be heavily contested.
Additionally, advises how courts react to such a clause and
suggestsan alternative consideration.
Estate Planning - Protecting Your Will's Integrity
Over views modern day techniques (evidence) one can present to
the courts that uphold thedecisions the testator dictates in their
written last will and testament. In the not overly distant past,the
writings of the testator were the only evidence of his or her
intentions and mental capacity.
Estate Planning - Capacity Challenges
-
Over views the elements of capacity used to contest the legality
of a will. Looks at mental deficiency,insane delusion and mental
derangement characteristics that have been used to invalidate a
will.
Estate Planning - Undue Influence
Over views common means of contesting a will such as undue
influence, lack of capacity,psychological domination and/or
degenerated mental state. Often during the final years of a
dearfriend's or relative's life some person or persons will take
over the task of caring for their sick andelderly friend or
relative to a greater degree than the other people in their
lives.
Intestacy - Passing Without Estate Planning - What Happens?
If a person passes on without estate planning of any kind,
whether that planning is some kind of willor trust, they are said
to have died intestate. Intestate law is the law that decides how
assets aretransferred and creditors satisfied if a person passes on
without saying who gets the house, the caror the guarded family
apple pie recipe. Intestacy law is a set of fall back provisions or
rules thatgovern where the assets go, so that the state does not
have to decide in each individual case whathappens.
Estate Planning - Real Property Disbursement Problems
Many parents want to give an equal share of the Estate Planning
Attorneys family home or someother sentimental form of real
property (actual land usually) to their surviving children in
equalshares. As an estate-planning attorney, one often sees the
strange problems created by such plans.In particular if there are
an even number of children, this may create hardships as voting
blocks offamily members eventually have to resolve votes that are
evenly split in court or at least face thehardship of that choice
among their siblings.
Estate Planning - Protecting Your Spouse
Over views advance protection measures one takes to protect
their spouse when doing estateplanning above and beyond joint
tenancy laws. The first question many people have whenconsidering
estate planning is how to protect their spouse in the event that
they pass away.
The Revocability Or Irrevocability of a Trust
Over views circumstances that could make a revocable trust
irrevocable. A trust is formed when aperson or business (legally
referred to as the settlor) puts property into the control of
another(person or business), usually called the trustee, for the
benefit of a person or group called thebeneficiaries.
Choosing an Estate Planning Attorney
Over views the process of choosing an estate planning attorney.
Provides web sources for findingestate attorneys.
Selecting an Advantageous Trusts and Estate Lawyer
Briefly describes how to find the right attorney to handle
trusts and estate planning. Trust andEstates is a rapidly growing
area of practice in the law that includes estate planning, managing
yourestate during life and disposing of your estate at your death
through the use of trusts, wills and
-
other planning documents.
Estate Planning Isn't All About Lawyers
Looks at the schooled professionals one might hire when
considering an estate planning team toreview their estate and
protect assets. Provides insights one should think about if
considering theuse of prefab software packages and forms.
Estate Planning - Considering a Second Marriage Late in Life
Over views estate considerations that should be accommodated as
widows and widowers (with theirlonger life spans) increasingly meet
and decide upon a second marriage. Addresses forconsideration a set
of unique legal questions that those getting remarried, do not
often thinkthrough.
Estate Planning - Intent to Disinherit Or Oversight?
Over views incomplete estate planning and some laws that are in
place to remedy the situation ofoverlooked heirs as opposed to
those specifically disinherited. Sometimes family and estate
planningbegins before the family is complete, particularly in an
age where people (generally) are waitinguntil later to have
children.
Estate Planning - What About Life Insurance?
Over views whole life and term life insurance policies by
comparing the advantages anddisadvantages of each policy type as
part of an estate plan consideration. Not too many years agolife
insurance was considered to be the indispensable platform upon
which all other estate planningefforts should be based.
Planning For the Intangibles
Over views questions surrounding intangible digital assets as a
relative consideration to ones estateplanning needs. Every state
has statutes and mechanisms in place that deal with disposal of
tangibleassets whether the deceased had a will or not.
Retirement and the Roth IRA
Over views the Roth IRA and the Individual Retirement Account
options and how taxes factor intoones estate planning and
retirement considerations. An IRA is an IRA, unless it's a Roth
IRA.
Estate Planning - Protecting Your Furred Friend
The whole concept of estate planning has a couple of primary
aims: 1) making sure that your assetsare distributed where and how
you want themhttp://money.cnn.com/retirement/guide/EstatePlanning/
to be, and 2) ensuring that your loved onesare cared for and able
to comfortably live out their lives after you are gone. If you
consider your petsas part of your property, to whom do you leave
them - and the obvious answer is to someone whowon't immediately
haul them to the nearest shelter and drop them off. Providing for
your belovedpets may be more complicated than ...
Estate Planning - The Mortgage - To Pay Or Not to Pay
-
Over views the advantages and/or disadvantages of paying off a
property loan in the modern day. Where does your home mortgage fit
into your financial planning and particularly into your
estateplanning?
Estate Planning - Gender Issues Meet Social Security
Over views pay disparity within the Social Security Pension Plan
between the male and femaleworkforce within the United States.
Highlights some of the causes of the disproportionateretirement
allowances.
Estate Planning - Estate Taxes
Over views estate tax that is assessed on property upon the time
of one's death based upon fairmarket values once an estate exceeds
a specific taxable income. Estate tax, or the death tax as it
issometimes referred to, is an issue often bandied about at
election time.
Durable Power of Attorney - "Scope of the Agency"
Overviews the durable power of attorney which allows an agent to
act on asset matters should aprinciple be alive yet unconscious for
an extended period of time. A durable power of attorney isgiven by
a person to another person to act in their place given a specific
set of circumstances oractivating condition.
http://www.selfgrowth.com/experts/ronald_hudkins.html
Estate preparation is regarding peace of thoughts. The procedure
itself is essential and can help youproduce a great, strong working
plan that will certainly deal with you, your kids, as well as
yourbelongings in situation of your death or handicap.