Category: Trusts & Estates
Suppose you want to make a change to your will. It could be something relatively minor, such as a beneficiary… Read More
It’s Time to Take Another Look at the Stepped-Up Basis Rules
Thanks to a generous federal gift and estate tax exemption amount ($13.61 million for 2024), only the wealthiest of families… Read More
Estate Planning Pitfall: You Didn’t Retitle Assets to be Included in a Trust
There are numerous benefits of using trusts in your estate plan. For example, trusts can maximize the tax code provisions… Read More
A Strong Marriage is a Necessity When it Comes to Using a SLAT
When creating your estate plan, there’s a certain amount of prognosticating involved. What will your financial picture look like in… Read More
No Time Like the Present: Address Top Estate Planning Priorities Today
When it comes to estate planning, consider taking a page out of the Boy Scouts Handbook: Be prepared. The last… Read More
Estate Planning Pitfall: You Haven’t Recently Updated Your Powers of Attorney
Health care and financial powers of attorney are critical components of an effective estate plan. Indeed, while much of your… Read More
The Long View of Long-Term Care Insurance
What are the chances that you or someone in your family — perhaps an elderly parent — will need long-term… Read More
Planning Is Essential If You’re Inheriting Assets
If you’re in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention… Read More
Should You Place Your Home in a QPRT?
If you own your principal residence, you may be able to benefit from its build-up in equity, realize current tax… Read More
Going Through a Divorce? Ease the Transfer of Retirement Plan Assets With a QDRO
Despite its unusual sounding name, a QDRO isn’t an alien from a science fiction movie or a geometric equation. In… Read More