What Is a Dynasty Trust?

If you want to protect your family’s legacy from unnecessary taxes, divorce and creditors over the course of many generations, a dynasty trust could be your best friend.

October 26, 2021

Consider a Family Meeting about Estate Planning

When there is a large inheritance at stake (or even when there isn’t), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable.

October 21, 2021

Prevent Asset problems with thoughtful Planning

If you’re planning an inheritance, be careful about leaving these assets to a loved one. They may create more trouble than they’re worth.

October 14, 2021

gift-tax is treated differently by IRS and Medicaid

Gift-Tax treated differently by IRS and Medicaid

Most people have heard that each individual is allowed to gift $15,000 per year to another person without paying a gift tax. However, exactly what the gift tax is, and the consequences of going beyond $15,000, are less clear.

October 13, 2021

What to Do with an Inherited IRA

Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inherit and avoid a tax-time surprise.

October 12, 2021

Businesses should have a Buy-Sell Agreement

What happens at your company when a shareholder dies or becomes disabled, or wants to leave? These are just two of the potential scenarios that can be properly addressed with a buy-sell agreement.

October 4, 2021

Keep the Vacation Home in the Family

Vacation property can become a family legacy. Keeping your cabin, fishing lodge, hunting property or other special assets separate for future generations is often a special goal for a family.

September 10, 2021