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How Do You Handle Probate?

Although there is considerable legal information and misinformation, it is generally understood that a last will and testament is the device used to distribute property after death. However, the why, how and when are less familiar.

Posted on: March 10, 2021

Estate Planning Meets Tax Planning

By being very selective about who receives which type of money—whether Traditional or Roth IRAs, after-tax brokerage accounts, life insurance, etc.—you can dramatically cut the share that goes to the IRS and increase the amount going to your family.

Posted on: March 9, 2021

Get Estate Plan in Order, If Spouse Is Dying from a Terminal Illness

Planning for the death of a spouse is difficult and painful. It involves conversations that we don’t want to have.

Posted on: March 8, 2021

How Do I Use a Charitable Remainder Trust with a Large IRA?

Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.

Posted on: March 4, 2021

How Does the Generation-Skipping Transfer Tax Work in Estate Planning?

Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.

Posted on: March 3, 2021

How to Manage a Will and Trust

By definition, a Will accounts for a person’s wishes of how their assets and estate should be distributed and handled once they die. It spells out who should get what and who should do what, after the benefactor’s demise.

Posted on: March 2, 2021

Planning Future for Nontraditional Families

Some people are concerned that the new conservative 6-3 majority on the Supreme Court will roll back protections for non-traditional families. Regardless of the decisions at the Supreme Court, or the impact on the state family courts, there are many ways that non-traditional families can maintain control.

Posted on: March 1, 2021

When Does a Power of Attorney Fail to Do Its Job?

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.

Posted on: February 26, 2021

What’s the Difference between Per Stirpes vs. Per Capita in Estate Planning?

Here’s a closer look at what per stirpes vs. per capita means.

Posted on: February 25, 2021

Can You Be Forced to Inherit a Timeshare?

Many timeshare contracts include a perpetuity clause, which means the contract and all its fees and obligations are yours for life. It may not end there.

Posted on: February 24, 2021