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Understanding ILITs: Irrevocable Life Insurance Trusts

A Strategy to Protect Your Assets When planning for the future, ensuring your loved ones are taken care of is paramount. One aspect of estate planning that often goes overlooked is the impact of life insurance policies on estate taxes. Many individuals are unaware...

What can be done with a Facebook account when someone passes away

When someone passes away, Facebook offers options for managing their account. Here’s an overview of Facebook’s policies and procedures for handling accounts of deceased users: Memorialization: Facebook allows accounts to be memorialized after the user...

New Choices for Disposition in Colorado

New Choices for Disposition in Colorado The typical Disposition of Final Remains form in Colorado includes as the primary item, the choice for the declarant to have their body either buried, cremated, entombed or “other.” And while burial, cremation or entombment...

How does a Domestic Asset Protection Trust work?

A Domestic Asset Protection Trust (DAPT) is designed to protect assets in the event a person is sued or files for bankruptcy. 11 states have statutes authorizing the use of DAPTs: Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio,...