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
Understanding Marital Trusts in Your Estate Plan
A marital trust is a complex estate planning tool that should be crafted carefully. Because of its tax benefits, you should work closely with an experienced estate planning attorney to establish the marital trust properly.
March 12, 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
Use Qualified Disclaimer to Avoid Inheriting IRA
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
March 5, 2024
Bypass Trust is a pivotal Estate Planning Tool
If you’re considering a bypass trust as part of your estate plan, consulting with an experienced estate planning attorney is essential. They can help you understand if a bypass trust is the right option for your situation and guide you through the process of setting one up.
February 28, 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
The Estate of The Union Season 3|Episode 2 is out now!
The Estate of The Union Season 3|Episode 2 is out now! Millennials continue to be a mystery to everyone – except Millennials! In this third
February 22, 2024
Understanding how a Guardianship and Conservatorship Contrast
Understanding the difference between guardianship and conservatorship is crucial for protecting the interests of those unable to make decisions for themselves. Whether you are planning for the future or seeking immediate assistance, take appropriate steps to ensure that your loved ones are cared for, and your estate is managed according to your wishes.
February 21, 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