Why Do I Need a Will?
August 10, 2022
There’s always plenty of time to get your affairs in order, until you get run over by a cement truck.
What Happens to Investment Accounts when Someone Dies?
July 15, 2022
What investment powers does a personal representative in a probate or a trustee in a trust administration have to manage the decedent’s assets?
What are Benefits of Putting Money into a Trust?
June 16, 2022
Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
What Is the Best Way to Leave Money to Children?
June 14, 2022
Providing for future generations shouldn’t be (overly) taxing. To manage taxes as you pass down your assets, look into UTMAs, 529s, child IRAs and trusts.
What Is the Purpose of a Pet Trust?
June 3, 2022
Many well-off pet owners have left millions of dollars to their cats, dogs and even chickens—perhaps most notoriously Leona Helmsley, who left US$12 million when she died in 2007 to her white Maltese dog Trouble.
Is Putting a Home in Trust a Good Estate Planning Move?
May 27, 2022
Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.
Is Estate Planning Affected by Property in Two States?
April 13, 2022
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
How Does Gift Tax Exclusion Work?
April 6, 2022
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.
Can Grandchildren Receive Inheritances?
March 23, 2022
Children and grandchildren motivate us to think about a will and life insurance. However, it is problematic to name minor children as beneficiaries.
Why Is Estate Planning Review Important?
March 8, 2022
Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.