If a client’s Estate Plan involves a revocable trust, then the client needs to decide who will serve as trustee after the client dies. Sometimes, clients have several undesirable options if they want to name an individual and they consider naming an … [Read more...] about How Do I Trust Thee…Part III
Estate Planning
Motivation to Keep Working on Your Legacy
Today's "Motivation to Keep Working on Your Legacy" is inspired by hikers from Illinois whom I met on my recent Grand Canyon hiking trip. When you're far from home and in an unusually harsh environment, anyone who represents home instantly becomes a … [Read more...] about Motivation to Keep Working on Your Legacy
How Do I Trust Thee…Part I
When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s … [Read more...] about How Do I Trust Thee…Part I
Understanding Tax Apportionment Clauses
Many individuals mistakenly believe that they need a large estate before concerning themselves with taxes at their death. While the Federal government does not impose taxes until an estate exceeds the Applicable Exclusion Amount, it’s important to … [Read more...] about Understanding Tax Apportionment Clauses
Prince Estate Case Has Finally Been Put to Rest
The great musical artist Prince passed away in 2016, and he was a very wealthy man. In addition to the assets that he had in his possession, his music and likeness rights will continue to generate revenue for years to come. You would think that … [Read more...] about Prince Estate Case Has Finally Been Put to Rest
The Power in Powers of Appointment
Estate Planning attorneys balance competing interests when creating estate plans. Uncertainty about the future concerning taxes and each beneficiary’s situation requires flexibility in an Estate Plan. Powers of appointment offer Estate Planning … [Read more...] about The Power in Powers of Appointment
