When you think about estate planning, if you do not know much about it, you may equate it to the execution of a last will. This may seem like a very simple and straightforward thing that you can do at some point in the future. Indeed, the majority … [Read more...] about The Foundation of an Estate Plan
Estate Planning
Use Gift Tax Exclusions to Gain Estate Tax Efficiency
The federal estate tax was initially enacted in 1916. If you were around at that time, and you found out that your estate was going to be taxed, what would you do? Clearly, you would resolve to give gifts to your loved ones that would eventually be … [Read more...] about Use Gift Tax Exclusions to Gain Estate Tax Efficiency
An Explanation of Five Unusual Trusts
One of the most compelling reasons to work with a lawyer to develop your estate plan is the fact that your attorney will explain the options that are available to you. There are many different trusts that can be used, and you may be surprised by some … [Read more...] about An Explanation of Five Unusual Trusts
What Is a Life Estate?
There are many different ways to facilitate asset transfers, and this is one of the reasons why you should work with an attorney to develop your plan. Each situation is different, and there is no one-size-fits-all solution, so you should take an … [Read more...] about What Is a Life Estate?
Getting Remarried? You Can Preserve Your Legacy for Your Children
There are many different family scenarios that can call for the utilization of specific estate planning tools. You should always assume that you can find a solution if you work with an attorney to develop a custom crafted plan that is adapted to suit … [Read more...] about Getting Remarried? You Can Preserve Your Legacy for Your Children
How to Dispose of “Stuff”
Clients are often most concerned about how to dispose of their tangible personal property, i.e., their “stuff.” Often even wealthy clients are most concerned with the things around them rather than their financial accounts. What’s the best way to … [Read more...] about How to Dispose of “Stuff”
