Strategies to Reduce Estate Taxes
The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul.
May 20, 2021
Per Stirpes Designations in a Will
Per stirpes in a will means that a deceased’s child’s share will pass to the deceased’s child’s children in equal shares, if any.
April 22, 2021
Revise your Planning with a Second Marriage
If you are planning to take another walk down the aisle, it is critical to take the time to review and revise your estate plan, especially if meaningful assets and debts are being brought into the marriage.
April 19, 2021
Poor Estate Planning Decisions can be Costly
The press has made much of the handwritten will that Larry King executed in the months before he died and in which he purports to change his prior will executed in 2015, to leave his estate equally between his children.
April 15, 2021
Selling a Home after the Death of a Parent
My father passed away recently. How do we remove his name from the title to the home? Can we record a death certificate or have mom sign a new deed?
April 5, 2021
You have Options when Inheriting a House
Inheriting a residential property like a house marks the end of a life and the beginning of deciding what to do with the property and implementing that plan.
March 23, 2021
Talk to Your Children about Your Estate Planning
Many baby boomers may hesitate to discuss money with their children, but the reality is that a massive amount of wealth will be transferred in the next couple of decades.
March 15, 2021
A Trust Must Be Funded to Work
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
February 9, 2021
Creating a Letter of Last Instruction
A letter of last instruction is a document that outlines funeral planning processes and arrangements. A letter of last instruction should not be confused with a will or testament, which is a legal document that expresses an individual’s wishes on how and to whom their estate should be transferred after their death.
January 26, 2021
Estate Planning Can Address a Troubled Child
Every family has one–or maybe more–black sheep. They’re people who march to their own drum and handing them an inheritance could be problematic.
January 6, 2021