Most 529 plans do not allow joint ownership, meaning only one person can be the account owner, even if the owner is married. So what happens if the account owner dies? The distressing answer is that the account would be tied up in probate unless a successor...
A Beneficial Ownership Information Report (BOIR) Must be Filed by the End of 2024 by Most Small Business. Failure to Comply Could Result in Substantial Penalties. See if this applies to you. Following the enactment of the Corporate Transparency Act (CTA) in 2024,...
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...
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...
