If you use a will to record your final wishes, your estate would go through the process of probate. During this procedure, the executor that is named in the document would act as the hands-on … [Read more...] about Are There Any Probate Shortcuts?
A study that was conducted by Caring.com earlier this year found that just under one third of American adults had estate plans in place. Even though so many people are unprepared, most of the … [Read more...] about Estate Planning: Where Do You Begin?
New grandparents often think about ways that they can set aside resources that their grandchildren can use for college. Of course, many parents have the same goals, but we are going to focus on … [Read more...] about How Does a 529 College Savings Plan Work?
There are many different trusts that are used for estate planning purposes, and the advantages can be beneficial to you during your lifetime in some cases. With this in mind, we will look at … [Read more...] about Can a Trust Protect Assets From Creditors?
People naturally have questions about how inheritances are taxed, and some of the answers are encouraging. You do not have to claim an inheritance on regular income tax returns, and this would include … [Read more...] about Can Lifetime Gifts Reduce Estate Tax Exposure?
Without question, financial success is a beautiful thing, but there is one drawback that goes along with it. We have a federal estate tax in place, and it carries a whopping 40 percent maximum rate. … [Read more...] about Estate Planning for High Net Worth Families
It is quite rare to hear any good news about taxation on any level. However, when it comes to inheritance planning, you may be pleasantly surprised. In this post, we will look at the facts, and we … [Read more...] about Inheritance Planning: Good News About Taxation
It can sometimes seem as though estate planning is a purely personal and confidential endeavor. This is one way that you can approach it, and many people take this route. However, there is something … [Read more...] about Anticipate Potential Estate Challenges
We have always been very friendly to the LGBT community, and estate planning has traditionally been an absolute must for committed life partners. This is because of the fact that same-sex marriages … [Read more...] about Estate Planning Is Still Important for Same Sex Couples
As elder law attorneys, we assist clients that are looking ahead toward the challenges they may face when they reach the latter stages of life. Admittedly, some of the potential scenarios are not very … [Read more...] about A Pet Trust Can Facilitate a New Best Friend