Complexities of Determining Who is a Descendant
Wills and trusts, instead of designating a specific person to inherit, often name a group or class of people such as your ‘children,’ ‘issue’ or your ‘descendants.’
August 28, 2023
How an Intentionally Defective Grantor Trust Protects Wealth
Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?
August 23, 2023
When Life Insurance becomes Taxable
While life insurance is typically not taxable, there are some notable exceptions that could play a role and are important to consider regarding any life insurance policy and benefit.
August 22, 2023
Finding a Missing Heir can be Challenging
Locating missing heirs after the death of their benefactor can require detective work worthy of Sam Spade.
August 17, 2023
Estate Planning issues in Multigenerational Homes
When multiple generations live on the same property, issues over ownership, who inherits what and who provides what can get complicated fast.
August 9, 2023
Things that should Never Belong in Your Will
Writing a will is not as simple as just slapping together a list of desires. However, there are some things you should not put in your will.
August 8, 2023
Important to Evaluate your Planning before a Second Marriage
If you are getting remarried, you obviously want to celebrate. However, it is also important to focus on less exciting matters, like redoing your estate plan.
August 7, 2023
Essential Estate Planning Documents every Caregiver Needs
One of the most difficult—and emotional—parts of caregiving can be having discussions about the legal side of aging.
July 31, 2023
Be cautious using Portability in a Second Marriage Estate Plan
The family’s attorney and family office advisors should exercise caution in a marriage in which there are children from a prior marriage or other nonstandard family situations.
July 19, 2023
Only leave Assets to Minor through a Trust
You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
July 12, 2023