Just about the time you think the government has everything it could possibly need about you and your company, Congress passes The Corporate Transparency Act (CTA) and introduces a new, widely-required Beneficial Ownership Information Reports process. It is not something for most of America’s small businesses to ignore.
There are many documents that can help with the estate planning process, both official and unofficial. Even if you have many of the documents needed to legally convey for your end-of-life wishes, it sometimes pays… Your End-of-Life Wishes: What is a Letter of Last Instruction?
Dealing with the death of a loved one is always tough, but it comes with far more challenges if they died in their home rather than at a hospital or hospice. Whereas the hospital staff… What To Do When Someone Dies At Home
With funeral expenses in the United States ranging anywhere between $6,600 and $15,000, there is an obvious incentive for people to look for ways to cut down on costs. Given that Social Security programs are… Covering Funeral Costs: Can SS Lump Sum Benefit Do The Job?
As mentioned in an earlier blog post, the Social Security Administration allows those who receive regular monthly benefits to sign-up for a “Lump-Sum Death Benefit.” When they die, this $255 social security benefit will be… Who gets the $250 Social Security Benefit When Someone Dies?
Even when we know it’s coming, the death of a loved one is never easy to deal with. Yet it is especially taxing if you’re the one in charge of handling their affairs, as you… What To Do When Someone Dies: A Step-by-Step Guide
One of the obvious challenges of managing the estate of someone who didn’t leave behind a will is figuring out who is eligible to receive their assets and property. When you write a will, you… Intestate Succession: Who Is Next of Kin When There’s No Will?
One of the unfortunate facts of life is that many of us have far too many debts to fully pay off in our lifetime, with nearly 75% of Americans dying with outstanding debt.1 That can… You Can’t Take It With You: What Debts Are Forgiven at Death?
As we’ve previously covered, there are many things that need to be done when a loved one dies. One of the most important is contacting and notifying people of the death. Obviously, you will need… To Whom It May Concern: Who Should Be Informed When Someone Dies?
As we mentioned in an earlier blog post, dealing with the loss of a loved one is always a challenge, but it can be especially tough when you’re the one responsible for handling the various… 5 Things To Avoid When Someone Dies: How to Sidestep Common Mistakes