Protect Family Wealth from Third Generation Curse
Thorough communication with heirs about values and various elements of your estate plan could help younger generations better manage their inherited wealth.
April 10, 2024
Risks of Adding a Child as a Life Insurance Beneficiary
Discover why adding your child as a life insurance beneficiary has inherent risks and explore how trusts and appointing a legal guardian can best ensure that your child’s future is secure.
March 27, 2024
When Gift Tax Return Should Be Filed
There are many people who know estate planning quite well but draw blanks when issues about gift tax returns are raised.
March 20, 2024
Crummey Trusts are an Option to Gift to Minors
Learn how to qualify for the annual gift tax exclusion by maximizing the benefits of a Crummey trust. Understand withdrawal power and more.
March 18, 2024
Business Owners needs Succession Planning
There are two sides to a succession plan. One is for the operation of the company, and the other is for the ownership of the deceased owner’s share.
March 14, 2024
How Does an Estate Plan Address Young Beneficiaries?
Minor children and young adult beneficiaries in particular need more specialized provisions to protect both the assets and the beneficiaries.
March 6, 2024
Divorce Impacts your Estate Plan
Divorce significantly affects your estate plan. Therefore, it’s crucial to take timely action to revise it. If you’re going through a divorce or have recently finalized one, it may be time to review and update your estate plan.
February 26, 2024
Pitfalls of Adding a Child to Your Home’s Deed
While adding a child to your home’s deed might seem straightforward to manage your estate, it’s fraught with potential problems and complications. This article reviews the implications and alternatives to adding a child to your home’s deed, with the goal of ensuring your estate plan is effective, efficient, and aligned with your long-term intentions.
February 20, 2024
Integrating Retirement Accounts into your Estate Plan
Integrating retirement accounts into your estate plan is vital for preserving your financial legacy. This blog post covers key considerations, such as tax implications, beneficiary designations, and strategies for maximizing benefits. By understanding the role of retirement accounts in estate planning and seeking professional guidance, you can ensure that your assets are distributed according to your wishes and provide lasting benefits for your beneficiaries.
February 13, 2024
When and How to get Letters of Testamentary
A letter of testamentary is created by the probate court for the executor or personal administrator of an estate.
February 12, 2024