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Estate Planning vs. Probate | Why You Should Engage in Estate Planning

In Estate Planning, How Do You Choose an Executor of a Will?, Probate by casalmoreno

Estate Planning vs. Probate A recent article on wealthmanagement.com discussed how most American’s inheritances go through probate due to lack of preparation of an estate plan.  From the article: “Surveys confirm that avoiding probate is the primary reason that clients engage in estate planning today.  Yet, the estates of the …

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Digital Assets Discussed and How to Plan for Them

In Estate Planning, How Do You Choose an Executor of a Will? by casalmoreno

A common oversight in estate planning has become planning for the administration of digital assets. Digital Assets are any files stored on digital devices, desktops, laptops, tablets, smartphones, cloud technology, etc. It also includes email accounts, online banking accounts, social media accounts, owned web domain names, and other programs and …

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Estate Planning for Non-Resident Aliens and Non-Citizen Spouses

In Estate Planning, How Do You Choose an Executor of a Will? by casalmoreno

Estate Planning for Non-Resident Aliens and Non-Citizen Spouses Non-Resident Aliens are not treated as advantageously as US citizens under the estate and gift tax rules by the IRS.  For a nonresident non-citizen (“nonresident alien” or “NRA”) the applicable estate tax exemption is limited to $60,000, in comparison to $5,340,000 for …

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