Estate Planning Blog

Why is a Will So Important as I Age?

If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. That could result in a distribution you didn’t intend.
07/09/23 • by: Goldsmith & Guymon, P.C.
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How Much Does It Cost to Probate a Will?

The amount of money required to probate a will can vary by state.
07/08/23 • by: Goldsmith & Guymon, P.C.
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When is a Trust a Good Idea?

If having assets distributed outright to a beneficiary could cause potential problems, there are several reasons to think about creating a trust.
07/07/23 • by: Goldsmith & Guymon, P.C.
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What Are the Details About Probate?

A formal probate process involves specific, usually straightforward steps. Issues that may arise during the process can lengthen the time it lasts until it is closed by the court.
07/06/23 • by: Goldsmith & Guymon, P.C.
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How Does a Special Needs Trust Work?

If you have a family member with special needs, you might face emotional and physical issues. However, you also may be concerned about maximizing the financial support that your loved one requires.
07/05/23 • by: Goldsmith & Guymon, P.C.
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Estate Planning Includes More Than a Will

The term ‘estate planning’ conjures specific ideas about leaving assets to heirs, fighting over Mom’s jewelry and lengthy entanglements with the probate court.
06/30/23 • by: Goldsmith & Guymon, P.C.
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What is the Purpose of a Blind Trust?

Trusts can be used to hold assets for a beneficiary, and you may hear about them when carrying out estate planning or evaluating strategies to pass investments to heirs.
06/29/23 • by: Goldsmith & Guymon, P.C.
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How Estate Planning Transfers Business Interest with Limited Liability Companies

An LLC is a particularly flexible form of business entity that is governed by statute and most often is organized in the estate planning context as a ‘manager managed’ LLC.
06/28/23 • by: Goldsmith & Guymon, P.C.
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Do You Pay Taxes on Gifts From Parents?

In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to any one person each year.
06/28/23 • by: Goldsmith & Guymon, P.C.
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How Do Beneficiary Designations Work?

When was the last time you updated, or even thought about, the beneficiary designations listed on your retirement accounts, life insurance, or annuity contracts? If you don’t remember, it’s time for a review!
06/28/23 • by: Goldsmith & Guymon, P.C.
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