Tools to Minimize or Avoid Estate Taxes
An unprecedented rush to relinquish wealth is underway, and it isn’t just for billionaires.
September 20, 2023
Consider Hiring a Lawyer for Medicaid Applications
Hiring a lawyer for Medicaid applications can offer several benefits.
August 24, 2023
Costly Social Security Mistakes to Avoid
Whether you’re counting on Social Security to fund most of your retirement income or supplement it, you want to make sure you get all of the money you’re entitled to.
August 2, 2023
Estate Tax Exemptions available for Married Couples
A primary goal of most married couples when contemplating basic estate planning documents is to ensure that the surviving spouse, and commonly, the couple’s children and grandchildren, are supported financially.
August 1, 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
There are Benefits to Creating A Life Estate
A life estate is a form of property ownership that splits control and ownership of a property. The person who creates the life estate for their home and assets is known as the life tenant. Though the tenant retains control of the property, they share ownership during their lifetime with the remainderman, a legal term referring to the estate’s heir.
June 20, 2023
Pitfalls of Gifting and Joint Ownership
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
June 19, 2023
Who is Authorized to Amend a Trust?
The conditions for amending a trust, including who has the authority, is usually set out in the document.
June 7, 2023
You Need to File an Estate Tax Return
The estate tax is a one-time tax due nine months after someone dies, if their assets reach a certain threshold.
June 5, 2023
Unmarried Couples must have Estate Planning Documents
It is very important for unmarried couples to execute estate planning documents to make their wishes clear concerning the rights and responsibilities of their significant other.
June 1, 2023