Estate Planning Blog

No Will? What Happens Now Can Be a Horror Show

It's hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family's leadership role and manage the family's transition of wealth.
04/12/22 • by: Goldsmith & Guymon, P.C.
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What are the Estate Planning Basics?

Estate planning is a term generally applied to the steps taken to create a roadmap for a person’s assets when they die or become incapacitated.
04/09/22 • by: Goldsmith & Guymon, P.C.
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Do You Have to Go through Probate When Someone Dies?

The law requires probate for a good reason. If a person dies, probate ensures that the property goes to the people who are supposed to inherit it.
04/08/22 • by: Goldsmith & Guymon, P.C.
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When Does Someone Need a Guardian?

Seeking a guardianship for a loved one is a decision that shouldn't be taken lightly. Here's how the process works.
04/07/22 • by: Goldsmith & Guymon, P.C.
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How Does the Caregiver Tax Credit Work?

There are actually several tax credits and deductions available to adult children who help look after their aging parents or other relatives.
04/06/22 • by: Goldsmith & Guymon, P.C.
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Does Your Will and Estate Planning Documents Need to Be Updated?

It’s generally recommended that you review your will and other end-of-life documents at least every few years, although there can be reasons to do a checkup more often.
04/05/22 • by: Goldsmith & Guymon, P.C.
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Must I Sell Parents' Home if They Move to a Nursing Facility?

Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
03/25/22 • by: Goldsmith & Guymon, P.C.
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Dying Parent’s Financial Affairs Can Be Challenging

Dealing with a sick family member is a challenging and emotional time.
03/23/22 • by: Goldsmith & Guymon, P.C.
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Can Grandchildren Inherit?

Children and grandchildren motivate us to think about a will and life insurance. However, it is problematic to name minor children as beneficiaries.
03/22/22 • by: Goldsmith & Guymon, P.C.
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Are Inherited IRAs Taxed?

Tax rules on individual retirement accounts (IRAs) are different for inherited IRAs. Some differences are positive.
03/21/22 • by: Goldsmith & Guymon, P.C.
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