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Attorneys
Why Your Will Should Name Designated Beneficiaries?
The basic document while planning an estate is drafting a will that sets the guidelines for the distribution of your assets to your heirs in
Business
Senate confirms groundbreaking LGBTQ labor lawyer to appeals court seat
Nicole Berner secured confirmation from the Senate for a position on the 4th U.S. Circuit Court of Appeals, becoming the inaugural openly LGBTQ judge to preside over cases on the court. Senate Confirms LGBTQ Labor Lawyer to Appeals Court Seat Recently, the U.S. Senate made history by confirming a groundbreaking LGBTQ labor lawyer to an appeals court seat, setting a significant precedent in the legal field. This historic appointment marks a pivotal moment in promoting diversity and inclusion within the judiciary system. Background of the LGBTQ Labor Lawyer The LGBTQ labor lawyer, whose name is being withheld for privacy reasons, has a remarkable track record of advocating for the rights of underrepresented communities in the workplace. With extensive experience in
Attorneys
Estate Planning: Difference between a Will and a Trust!
When we think of the protection and preservation of our family and belongings, we think of estate planning and while thinking about it, the two terms that are frequently used are a will and a trust. Irrespective of your wealth and age, you need to be assured that your estate is planned according to your wishes and thus estate planning is a must for you. You can use both a will and a trust which have different purposes to plan your estate. An estate plan can have both a will and one or more trusts included, however, either of them can be more important as compared to the other. Your circumstances decide the correct action plan as for some people
Business
Inheriting Money: What the IRS Knows and How it Impacts Your Taxes
When you inherit money or property, it is natural to feel a range of emotions – relief, gratitude, confusion, and sometimes even guilt. In addition to dealing with the emotional aspect of receiving an inheritance, there are also practical matters to consider, especially when it comes to taxes. The IRS has specific rules and guidelines that govern how inherited money is taxed, and understanding these rules can help you make informed decisions and avoid any unpleasant surprises come tax season. What Does the IRS Consider as Inheritance? The IRS considers inheritance as money or property that you receive from someone who has passed away. This can include cash, real estate, investments, retirement accounts, and other assets. In most cases, inheritances
Business
Trump’s Dance Around Hot-Button Issues: Can He Nail Jell-O to a Wall
When it comes to controversial topics such as abortion and the conflict in Gaza, Trump has a tendency to evade questions, change his stance, contradict himself, or even express multiple viewpoints on the same issue. Despite this inconsistency, his approval ratings have remained consistently high. Trump’s Dance Around Hot-Button Issues: Can He Nail Jell-O to a Wall Introduction Donald Trump, the former President of the United States, is known for his unpredictable and controversial statements on various hot-button issues. From immigration to gun control to healthcare, Trump has been a polarizing figure, often sparking heated debates and discussions. Many have questioned whether Trump can effectively address these issues or if his approach is akin to trying to nail Jell-O to
Attorneys
Who should be the beneficiary of your IRA?
Estate planning also involves some accounts like the saving and retirement accounts, insurance policies, etc., that can’t be distributed according to your will and pass on according to your designated beneficiaries in the form allotted by that particular financial institution. While opening an IRA account, you need to fill a form designating a beneficiary to specify how the money in that account will be distributed after your demise. This designation overrides whatever you have mentioned in your will or trust whatever you have opted for your estate planning. Estate Planning- However, apart from making mistakes like the way of investing funds and saving strategies, the biggest blunder can be not naming or naming a wrong beneficiary which either goes undetected
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