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estate taxes
Attorneys

What Is Estate Planning?

As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets when you are alive and finally when you die. This planning primarily deals with the aftermath of your death. Like what would happen to your assets after your death or who would you give it to. All these things are decided through estate planning. What Does an Estate Consist Of? Estate is actually everything that you own. It can be your car or your life insurance. Your personal possessions and savings account all come under the umbrella of estate. Obviously, all the property that you own also is part of your estate. The Significance of

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What is Living Trust in Estate Planning? Explained!
Attorneys

What is Living Trust in Estate Planning? Explained!

We plan for everything for our current life as well as our future like planning for home, children’s education, retirement, etc. However, while planning all this along with accumulating money, we forget or sometimes overlook one thing and that is estate planning. It is being overlooked due to several conceptions of people like some think that it is meant only for the wealthy, while others think that it is for the older folks only, however, the fact is that irrespective of your age and amount of assets you own, everyone should plan their estate. Estate Planning- Apart from this, there is also a misconception among the people that estate planning means to write a last will and getting it probated.

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How to do Estate Planning for Non-US citizens?
Attorneys

How to do Estate Planning for Non-US citizens?

Estate planning is a must for non-U.S. citizens in the United States as they may face some major estate planning challenges when it comes to taxes. Estate planning for non-US citizens is much more complicated as compared to estate planning for American citizens. Either you are hitched with a non-US citizen or if you are an alien resident who is hitched with a US citizen, you are required to follow some distinctive rules for estate planning. The basic estate planning steps are the same for the non-citizens as for the U.S. citizens i.e. you should have a will or living trust, beneficiaries should be named on insurance, bank & retirement accounts, and financial & medical power of attorney must be

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Business

Trump says there will be a ‘bloodbath’ if he loses the election

Former President Donald Trump issued a strong warning on Saturday, stating that there would be severe consequences if he is not reelected in November. Trump says there will be a ‘bloodbath’ if he loses the election Introduction In a recent statement, former President Donald Trump has raised eyebrows by suggesting that there will be a ‘bloodbath’ if he loses the upcoming election. This bombastic claim has sparked controversy and concern among many Americans, prompting discussions about the potential consequences of such a statement. Implications of Trump’s Statement Raises concerns about violence and unrest: Trump’s use of the term ‘bloodbath’ has led to fears that his supporters may resort to violence if he is not re-elected. Undermines democratic processes: By suggesting

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Biden signs major government funding bill just in time to prevent a shutdown

The legislative body passed a set of six funding bills before a critical deadline, ultimately sending them to President Joe Biden for final approval following some negotiations over changes. Biden Signs Major Government Funding Bill Just in Time to Prevent a Shutdown President Joe Biden recently signed a crucial government funding bill just in the nick of time to prevent a government shutdown. The bill, which was passed by Congress, will provide funding to keep essential government services running smoothly. This development comes as a relief to many who were concerned about the potential consequences of a shutdown. Key Points The government funding bill was signed by President Biden to prevent a government shutdown. The bill will provide funding to

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