Things that do not belong in a Will
In general, a last will and testament is an easy and straightforward way to state who gets what when you die and name a guardian for your minor children.
August 12, 2021
Who Pays Tax on a Special Needs Trust?
The main financial vehicles of supporting disabled individuals—the special needs trust and the Achieving a Better Life Experience (ABLE) account—both come with special tax conditions that advisors need to consider.
August 10, 2021
Succession Planning for Family Farm
Conversations about family succession plans are difficult.
July 27, 2021
Blended Family Dynamics create Challenges
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
July 26, 2021
How to Distribute Inheritance to Disabled Child
First, before making a gift or bequest outright to your youngest son, consider whether now or in the future he will possibly be eligible for governmental assistance based on his disability and his own assets.
July 22, 2021
Celebrity Estate Planning Mistakes
If you do not learn from your mistakes, you are doomed to repeat them. In Estate Planning, if you do not learn from other’s mistakes, you are likely to repeat them.
July 20, 2021
Who Inherits IRA if the Beneficiary Passes?
What happens if a non-spouse beneficiary inherits an IRA account but dies before the money is put in her name. There were no contingent beneficiaries. Which estate would get the IRA?
July 14, 2021
A Trust is an Option when Children are Minors
Do I need a trust in case something happens to me?
July 8, 2021
Retirement Assets to include in your Planning
To be tax efficient, which types of assets should you live off of in retirement, and which should you plan on passing down? There’s a bit of art to the equation, and how you plan can make a big difference to your beneficiaries.
July 1, 2021
Planning is Critical for Unmarried Couples
A proper estate plan will help those left navigate the disposition of assets and the probate court system, especially for unmarried couples and some married same-sex couples.
June 29, 2021