For some Delaware residents, getting married for a second time does not require as much pomp and circumstance as it did the first time. On the other hand, some of the premarital preparations are actually more important before to a second marriage. Estate planning is...
Prince went to great lengths to obtain and control the rights to his music, which many Delaware music fans might have discovered when they attempted to stream his music online and were denied access to it in the days following his death. Since his death, it has also...
Since 2013, same-sex couples have been able to marry here in Delaware. With the passage of the necessary legislation, same-sex couples received the same rights that have been enjoyed by their heterosexual counterparts for decades. However, just as is the case with...
Estate planning can have a wide variety of goals, depending on a person’s financial situation, family arrangement, moral values, and so on. One important issue to account for in all estate planning, though, is tax planning, and particularly estate and...
When planning for retirement or developing an estate plan, one of the most common questions people have is whether there is an inheritance tax in Delaware. The answer is no. There is not an inheritance tax. However, there is an estate tax. But, the estate tax...
Trusts are estate planning documents that are sometimes used to arrange for assets to be passed on after someone's death, similar to the way that a will establishes who will get what when a person dies. However, trusts can do a lot more than what a will can, allowing...
There are two types of irrevocable charitable trusts that can help protect Delaware residents and their families from estate taxes. Failing to do so can leave families in the same situation that actor James Gandolfini inadvertently did with his untimely death. Due to...
One common error that people make when dealing with their estate plan is to not update their beneficiary designations. This mistake is probably quite common because many are not aware that a will's named beneficiaries may be overridden if beneficiary designations are...
It is common for people in Delaware to believe that wills are unnecessary if they do not have children. There are multiple reasons that writing a will is still important, even if a person is childless. When unmarried people without children die, their assets will pass...
As many Delaware residents know, estate planning is an important part of providing for one's family in the future. However, the benefits of having a revocable trust may add to family protection and make it easier for beneficiaries down the line. There are a number of...