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Estate planning uses many tools to create a strategy that is tax efficient and effective. Trusts and wills are both good ways to plan how to manage the assets in a way that fulfills your purpose. The trust and the will both have a different role to play in the strategy. They can together form the base of any structure that you give to your plan. Your estate planner will give you a good idea of how to use these tools in tandem. The Role Of A Will In Estate Planning The main difference between a trust and a will is very basic. The will comes into force once you are dead. This is your last testament and will direct
You’ve tried over-the-counter whitening strips and they didn’t work as well as you had hoped. Perhaps some years ago, you tried an in-office whitening procedure, and it too, didn’t give you the results you were looking for. You’re a Brooklyn resident, and your smile is important to your work, your social life, and your self-esteem. You’ve heard about zoom whitening in Brooklyn, but you’re not sure which dental practice is the best to provide this innovative new technology. What Is Zoom Whitening Procedure Zoom whitening is an in-office dental whitening procedure in which an aggressive bleaching compound and a light applied 3-4 times during the course of an hour whiten your teeth, ridding them of stains. Results can vary based on the
There are three things that every estate planning lawyer will tell you. There is a big awareness gap in American awareness about how to prepare your assets for future generations. Your estate planner is likely to advise you that you should plan to be efficient even with modest resources. This is true as most people with modest means will be unable to pay the prohibitive costs of probate. It is a burden on your family as they are the ones who have to pay the inheritance tax. They end up paying about 3-8% of the value of the estate as taxes. The probate is also a painfully long process. It may take more than a year for the assets to
With the evolution of technology, we all are living in a digital world with most of the works being done online. We have our business and personal data stored online. We are so much dependent on the online platforms that we ourselves don’t realize the value of the digital records and the loss that we would face if these assets are ever lost or become inaccessible. Thus, the digital assets have become an important kind of property that needs to be taken care of as well and must be included in our estate planning. If not done, your loved ones might face a lot of discomforts, unnecessary burden, and cost with the possibility of the estate lost. Estate Planning For