We all have to pay taxes, both as individuals and as businesses, including while we are alive and as our final responsibility once we pass on. In the latter case, it's an executor's fiduciary responsibility to file a testator's final tax return. It may cause problems...
Many people put off estate planning either based on the assumption that they'll eventually get around to it or because they assume that state intestate laws will always protect their best interests. Delaying in planning one's estate isn't a good idea, nor is assuming...
It is no secret that most companies in the United States are set up as limited liability companies for tax advantages and asset protection. Setting up a family-owned company as LLC is also a vital estate planning tool that helps distribute assets to family members....
