The Estate of The Union Season 3|Episode 1 is out now!
The Estate of The Union Season 3|Episode 1 is out now! We are excited to begin our third season of The Estate of The Union!
February 5, 2024
Director of Special Needs and Elder Law Melissa Donovan is featured in January issue of Lawyer Monthly!
Director of Special Needs and Elder Law Melissa Donovan is featured in January issue of Lawyer Monthly! We are always thrilled when one of our
February 1, 2024
A QPRT is a unique financial tool
A Qualified Personal Residence Trust (QPRT) is a unique financial tool used in estate planning to reduce the potential estate tax liability by transferring a principal residence or vacation home into a trust. As an irrevocable type of trust, a QPRT allows the grantor to remain in the home for a predetermined term of years, making it a strategic choice for those looking to manage their estate tax effectively. Learn more about QPRTs. In the realm of estate planning, QPRTs serve…
January 31, 2024
A Subtrust is a Multi-Tool that serves various Purposes
A subtrust is a separate entity created under the umbrella of a primary trust or a will. A subtrust becomes active based on the terms of the trust or will when certain events happen, such as the death of the primary grantor, or creator. Subtrusts are one tool that estate planning attorneys use to help families pass on inheritances and protect their heirs from creditors or issues such as lawsuits or divorce. Subtrusts serve various purposes depending on…
January 29, 2024
529 Plans allow Grandparents to help with the Cost of College
As the cost of college tuition skyrockets, parents and grandparents can take advantage of tax-efficient 529 plans and higher limits on gift and estate taxes.
January 25, 2024
Adjustment in Cost Basis is a Crucial Tax Consideration
The adjustment in basis is a crucial tax consideration–what can it mean for you?
January 24, 2024
Strategies to avoid Inheritance Disputes
A highly successful estate-management strategy for avoiding inheritance disputes is to make a meticulously detailed and legally sound will.
January 22, 2024
Understanding how the Retirement Earnings Test works
Today’s Social Security beneficiaries may move in and out of the workforce before fully retiring. That may trigger a rule called the retirement earnings test, which can temporarily reduce benefits.
January 17, 2024
Appointing a Trust Protector is a Critical Decision
Serving as the trustee of a special needs trust (SNT) can be particularly challenging because it often requires long-term financial management of the trust, while maintaining a good relationship with the beneficiary. Furthermore, because trustees wield great financial power over the trust assets, oversight of their investment and distribution decisions is helpful…
January 16, 2024
Navigating Advance Directives in Dementia Care
The concept of advance directives in healthcare is both a cornerstone of patient autonomy and a source of profound ethical dilemmas, particularly in the context of dementia. This was poignantly illustrated in a recent New York Times article by Dr. Sandeep Jauhar, who shares his personal story about his father’s battle with dementia…
January 11, 2024