Divorce is an emotional and complex process, but one important aspect that often gets overlooked is your estate plan. If you don’t update it, your estranged spouse could still inherit your assets or make crucial financial and...more
As we enter 2025, it’s important to stay informed about the current federal estate and gift tax laws, including annual exclusion limits and significant changes anticipated by the end of this year.
Annual Exclusion Amount-...more
1/9/2025
/ Beneficiaries ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Exclusions ,
Exemptions ,
Federal Taxes ,
Financial Planning ,
Gift Tax ,
Internal Revenue Code (IRC) ,
Irrevocable Trusts ,
SLAT ,
Tax Liability ,
Tax Planning ,
Trusts
Many people create a revocable living trust to avoid probate, maintain privacy, and ensure smooth estate distribution. However, these benefits only apply if you properly “fund” your trust, meaning you must transfer assets...more
Many people think that estate planning is just about what happens when someone dies. However, an equally-important part of estate planning is ensuring that you are cared for while you are still alive. If you become...more
Whether I’m working on a business transaction or assisting business owners with their estate planning, I always look at how the ownership of the LLC is structured. While many business owners have set up a revocable living...more
Adding an adult child as a joint owner of a parent’s bank account seems like a simple and straightforward solution that allows the child to help care for mom or dad without the expense or hassle of preparing powers of...more
One of the best things about working with someone or a couple on their estate plan is that a primary goal is usually to take care of their children, grandchildren, and other loved ones. I enjoy getting to know the families,...more
If you’re like most people, there is a laundry list of things you’d rather do than think about your estate plan. While it can be a challenging area to discuss, your estate plan is essential to ensure you and your family are...more
5/11/2020
/ Advance Health Care Directive ,
Conservators ,
Coronavirus/COVID-19 ,
Estate Planning ,
Guardians ,
Living Trust ,
Living Will ,
Personal Representatives ,
Power of Attorney ,
Probate ,
Revocable Trusts ,
Settlors ,
Trustees ,
Wills
Taking the time to complete your health care power of attorney and living will is a great step toward ensuring that your health care wishes will be followed if you are unable to make decisions for yourself. A health care...more
If you’re like many people, you have not put much thought into who will make your health care decisions if you are unable or what kinds of decisions might need to be made. However, during these unprecedented times, you may...more
Selecting a Guardian for Your Children -
You put so much thought into caring for your children - finding the best doctors, the healthiest foods, and the schools that best suit their personalities. But if you are like many...more
When You Hear the Term “Estate Planning”, Do You Think:
“I don’t need an estate plan because I don’t have very much,”
“My wishes are simple, I can just jot down what I need,”
“I know someone who said they used a Will...more
10/17/2019
/ Advance Directives ,
Asset Protection ,
Beneficiary Designations ,
Distribution Rules ,
Estate Planning ,
Estate Tax ,
Guardians ,
Minors ,
Probate ,
Special Needs Children ,
Trustees
As a new parent, you naturally want to ensure your new baby’s future in every way. For many new parents, infancy is a time for celebrating new life, and making a will is the last thing on their minds. For others, the process...more