Video Resources
-
Inheritance and Estate Settlement | When Will I Get My Inheritance? | ACTEC
How long will it take to receive my money after a loved one dies? Experts in estate planning answer common questions regarding when beneficiaries of a will or trust will receive their inheritance and explain the estate settlement process. #preparingawill #assets #ewill #electronicwill #financialeducation #actec
The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,500 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate and trust administration.
Video highlights
00:00 - Introduction
00:36 - What is a state settlement or estate administration?
00:57 - What are the steps in the estate administration process?
02:20 - Why is the court involved at all?
02:44 - Can we avoid court involvement?
03:14 - Does it matter if there was a will?
03:41 - Does everything go to the state if there isn't a will?
04:24 - How much does it cost to settle an estate?
04:59 - How long does it take to settle an estate?
05:55 - When do I get my money? -
Common Ways to Title Your Home | Property Title | The American College of Trust and Estate Counsel
Do you understand the options when titling your home? ACTEC Fellows break down the nuances of property title and explain the alternatives including Tenancy by the Entirety (TBE), Joint Tenants with Rights of Survivorship (JTWROS), Tenancy in Common (TIC), and how it works in Community Property states.
The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,500 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate and trust administration.
#property #communityproperty #ownhome #ownhomes #actec #actecfellows #owningahome #HomeOwner #homeownership #ACTEC #actecfellow
Video includes:
00:00 - Introduction
01:30 - Tenancy by the Entirety (TBE)
02:06 - Joint Tenants with Rights of Survivorship (JTWROS)
02:17 - Tenancy in Common (TIC)
03:44 - Community Property -
Social Security Retirement Age and Benefits | When to Apply for Social Security
What are the advantages and disadvantages of taking Social Security retirement benefits early, at age 62? Should you delay taking Social Security retirement benefits to age 70? How does taking retirement benefits impact your spouse, dependents and disabled dependents? ACTEC Fellows Crystal West Edwards and Rosemarie S. Sam explain what Americans need to consider in determining when to take their Social Security retirement benefits.
This video answers the following questions:
00:00 - Introduction
00:26 - When can you start receiving Social Security retirement benefits?
00:41 - Are there advantages or disadvantages of taking retirement benefits early?
01:52 - What are some of the advantages or disadvantages of delaying your taking of benefits?
02:49 - What is the impact on a spouse or child?
04:42 - What are some considerations when deciding when to take benefits?
#SocialSecurity #SocialSecurityDisability #retirement #SocialSecurityBenefits -
Owning Property and Titling Assets | JIC | JTWROS | JBE | Community Property
How should assets like your home be titled? ACTEC Fellows offer an overview of how to reflect the legal ownership of property including joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.
The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,500 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate and trust administration.
#communityproperty #tenancy #tenancylaw #ownhome -
Gift Tax Exemption | Lifetime Gift Tax Exemption | The American College of Trust and Estate Counsel
The lifetime gift tax exemption amount is $11.58 million in 2020, increasing to $11.7 million in 2021. Learn when to use the estate tax exemption from estate planning professionals. The exemption is scheduled to decrease to six million dollars in 2026. -
Who Pays Taxes on a Gift? | Gift Tax Exemption | The American College of Trust and Estate Counsel
The significance of the gift tax exemption and estate tax exemption is key when considering making a lifetime gift. ACTEC Fellows Natalie Perry and Bob Temmerman discuss exemption from transfer tax and when and why the lifetime gift tax exemption may change. Because each state is a different jurisdiction, tax advisors are critical when considering planning that involves federal, state or local taxes. -
What is Community Property?
Do you live in one of the nine community property states? Understand what community property is, how it affects assets such as a home or a business, what is quasi-community property, and what happens if you buy a vacation house in a community property state in this short video by estate planning experts. #communityproperty #divorce #wealth #estateplanning -
Motivating Heirs with an Incentive Trust | The American College of Trust and Estate Counsel
An incentive trust is an estate planning tool that includes benchmarks that trigger the trustee making greater or fewer trust distributions when a particular conduct or behavior is taken by the beneficiary. ACTEC discusses how an incentive trust works, examples of incentives, and what to keep in mind when creating a family incentive trust. -
Gift Tax, the Annual Exclusion and Estate Planning | American College of Trust and Estate Counsel
Understand when gift tax comes into play, how the age of the recipient impacts gift tax, efficient ways to transfer property, split gifts, the annual exclusion and more from estate planning experts. Learn more about paying for college or medical expenses of an adult child, the annual gift tax exemption amount for 2020, the lifetime gift tax exemption, when to file a gift tax return and more.
#estateplanning #taxes -
Estate Planning in the 2020 Election Year | The American College of Trust and Estate Counsel
How might the election affect estate planning, taxes and charitable giving? Learn what steps taxpayers may want to consider in light of the 2020 election, and how to plan for future legislation, changes in the estate gift tax exemption and charitable giving. #estateplanning #election2020 -
Estate Planning Strategies for Retiring Abroad | The American College of Trust and Estate College
Retiring abroad? Learn what estate planning information to keep in mind when moving overseas, such as if your will be valid in another country, guardianship considerations when moving with minor children, and more.