If you were to take a course called “Estate Planning 101,” the first topic that would be addressed would probably be probate. This is a legal process that is often part of the equation when assets are … [Read more...] about Asset Transfers That Are Not Subject to Probate
There is a solution for any type of estate planning situation, but the average layperson would not know about most of them. This is one of the reasons why it is important to develop a relationship … [Read more...] about Succession Planning for Small Business Partners
The popular website Caring.com conducted a study in 2017 to gauge the estate planning preparedness of American adults. As estate planning attorneys, we are well aware of the fact that a lot of people … [Read more...] about Do You Really Need an Estate Plan?
Estate planning attorneys work with many different legal devices, and the names of some of them are long and awkward. As a response, acronyms are often used, and the average layperson that is looking … [Read more...] about Unraveling an Alphabet Soup of Estate Planning Terms
A bare-bones estate plan may include a simple last will, and perhaps a living will and durable powers of attorney. For some people, this can be sufficient, but there is a more comprehensive form of … [Read more...] about Legacy Planning for Wealthy Families
There is a federal estate tax in the United States that is a looming threat for individuals that have been extremely successful from a financial standpoint. The reason why it is only a factor for … [Read more...] about Can You Give Gifts to Avoid the Estate Tax?
In the field of estate planning, there are revocable trusts, and there are irrevocable trusts. When you do not know much about the subject, a logical question would come to mind. Why would you take … [Read more...] about Why Would You Use an Irrevocable Trust?
Domestic Asset Protection Trusts are spreading to more jurisdictions. However, their protections may be waning. Read on to learn more about Domestic Asset Protection Trusts. Domestic Asset … [Read more...] about Domestic Asset Protection Trusts
Your estate value can vary a lot upon your death. The items which your beneficiaries might cherish the most could be the sentimental ones. Read on to learn how your will or trust could provide the … [Read more...] about The Little Things May be the Most Important
The Tax Cuts and Jobs Act increased the standard deduction amount. However, it also limited itemized deductions for state and local taxes (SALT) on the federal income tax return. Read on to learn what … [Read more...] about SALT Deduction Limit…Can You Get Around It?