Since a lot of people put estate planning on the back burner when they know that they should take action, they are all too quick to embrace “simple solutions” that they hear about from others. On … [Read more...]
by Matt Kisil
A pour-over will is an estate planning document that you would include in your plan if you utilize a living trust as the centerpiece of your estate plan. Before we get into the details, we have to set … [Read more...]
Planning is important. If you don’t plan, your assets go pursuant to the state’s default plan, which may be very different from what you want. If you plan, you can be sure your assets go exactly to … [Read more...]
There are misconceptions harbored about the way that trusts are used in the field of estate planning. One of them is the idea that you permanently surrender control of all assets that are conveyed … [Read more...]
We answer a lot of questions about taxes on inheritances, and it makes sense to assume that people that received bequests must claim them as taxable income. In reality, there is surprisingly good news … [Read more...]
Retirement planning, elder law, and estate planning are all tied together, so we advise clients that have questions about every aspect of the process. One matter that we often address is the potential … [Read more...]
There are many tools in the estate planning toolkit, so you have options. It is definitely wise to discuss them with a licensed estate planning attorney so that you can make fully informed choices. … [Read more...]
Business owners and partners face some unique inheritance planning challenges. The correct way to approach them will depend upon the circumstances, and this is why personalized attention is key. This … [Read more...]
Estate planning is often looked upon as a purely financial endeavor, and the monetary part of the equation is certainly at the core. This being stated, there is a more comprehensive approach called … [Read more...]
It is important to take the right steps over an extended period of time to facilitate a comfortable retirement. For most people, an individual retirement account (IRA) will be part of the plan. If … [Read more...]
