Teresa K Bowman PA

09/05/2024

Estate Planning: 16 Things to Do Before You Die

Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,

09/03/2024

Intestate: Definition and State Rules

Intestate refers to dying without a legal will. When a person dies intestate, the distribution of their assets will be determined by a probate court.

08/29/2024

What Is a Will, What Does It Cover, and Why Do I Need One?

A last will and testament allows you to disburse your assets to your family and friends as you wish and direct the care of dependents.

08/27/2024

Financial vs. Medical Power of Attorney: What’s the Difference?

A medical power of attorney authorizes healthcare decisions to be made for you, while a financial power of attorney allows for financial decisions.

08/22/2024

How to prepare your digital estate plan

Do you need a digital estate plan? You may have started the estate planning process, but what about your digital assets? U.S. Bank explains digital estate plans.

08/21/2024

Seven Ways to Protect Older Adults from Financial Abuse

Scams are everywhere, and older people are prime targets. It’s critical to be vigilant, safeguard personal info, get paperwork in order and more.

08/20/2024

Digital Assets

Clients are increasingly looking to financial advisors to safeguard these assets and add them to estate plans.

08/15/2024

Will vs. Trust: What’s the Difference?

A will takes effect upon death but trusts can be used both during the lives and after the deaths of the grantor, or creator.

08/13/2024

Why estate planning is important

Estate planning isn’t just for wealthy people or older adults. It’s a comprehensive process that ensures you’ll leave the legacy you want and make things easier for the loved ones you’ll leave behind.

08/08/2024

What Is an Executor? Duties and Role in Estate Planning
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08/06/2024

6 lessons I learned from inheriting a parent’s house

Bankrate senior writer Linda Bell inherited her mother’s home when she passed away. She shares six lessons she learned along the way.

08/01/2024

Don't Wait Until The Tax Cuts And Jobs Act Expires To Do Your Estate Planning https://bit.ly/3A9Vutp

07/30/2024

U.S. Tax: 4 Tips For Americans Receiving A Foreign Inheritance https://bit.ly/46pb0xy

07/25/2024

Your last tax bill may come after death. What to know about estate and inheritance taxes.

Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax.

07/23/2024

The Corporate Transparency Act: Estate Planning, Succession Planning, And Trust Administration

Here are some of the key warning signs of trouble in compliance with the CTA, and actions steps advisors can take to help their clients avoid fine and penalties.

07/18/2024

4 keys to a successful estate plan

Here are steps you may take as you develop an estate plan that works for your family's situation

07/17/2024

Elder Law Is More Important Than Ever. Why? Baby Boomers.

Elder law refers to legal issues that concern older adults, generally defined as people above the age of 65. It is often understood as an extension of traditional trust and estate law, but overlaps other legal specialties too. The growing … Continue reading → The post What Is Elder Law? appeared...

07/16/2024

5 Estate Planning Lessons From ‘House Of The Dragon’

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07/11/2024

What happens to a bank account when someone dies?

You can’t take it with you, so what happens to your bank account after you pass on? Here’s what you need to know.

07/09/2024

5 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family https://bit.ly/3VVVl46

07/04/2024

Curtesy: What It Means, How It Works, and History

Curtesy is the common law right of a man to the property of his deceased wife, first introduced in the 17th century. It has largely been replaced by gender-neutral laws.

07/04/2024

07/02/2024

New IRS Ruling: Can’t Modify A Trust To Add A Tax Reimbursement Clause

A new IRS ruling, CCA 202352018, holds that if you modify a trust to add a tax reimbursement clause the beneficiaries will be deemed to have made a gift.

06/27/2024

Smartphones, Email, Other Digital Assets And Your Estate Plan

Details about smart phones, online accounts and more need to be part of your estate plan to avoid big problems for your loved ones.

06/25/2024

What Are the 401(k) Beneficiary Rules?

You can designate a wide range of heirs to inherit your 401(k). In this guide, we’ll explain the rules you need to know.

06/20/2024

5 Things to Consider Before Becoming an Estate Executor

Taking on the role of estate executor may be more work than you anticipate. There are several things to consider before you agree and you have some options.

06/19/2024

Elder abuse statistics 2024

Our analysis shows elder abuse is common both in and outside elder care facilities, with elders being particularly vulnerable to psychological abuse.

06/18/2024

What Happens if You Die Without a Will?

An elder law attorney explains the importance of a last will and testament, beneficiary designations and other critical estate planning issues.

06/13/2024

What Happens If a Spouse Dies?

Estate planning determines who inherits an IRA, 401(k), or other retirement accounts.

06/11/2024

How To Make A Living Will in 2024: Your Complete Guide

A living will is a legal document that you create in order to make your wishes on medical care known. It's also called an advance directive and it is a very important document because it can ensure your wishes are respected in case you become incapacitated and questions arise about what kinds of