Healthcare treatment. Hospital preferences. End-of-life care. Some choices are too important to leave to chance—yet they often are.
A recent poll found that only 46% of older adults in the U.S. had documented their...more
Whether you’re a dog lover, a cat person, or a caretaker for another kind of feathered, scaly, or furry friend, pets are an important part of our lives. Yet when individuals are creating their estate plan, their pet’s future...more
When an individual passes away, their assets must be distributed to their named heirs or beneficiaries. The beneficiaries may be designated as a co-owner or a beneficiary, or the assets will pass to the estate to be...more
Assets with significant monetary value like real estate, stocks, and retirement accounts are the key points most people consider when creating an estate plan. But what about your possessions?...more
Your family’s vacation home is more than just a property. It is where your family has created memories to cherish for generations.
Deciding how to pass down such a meaningful asset can be an emotional decision, but it...more
10/7/2024
/ Beneficiaries ,
Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Inheritance ,
Property Ownership ,
Real Estate Transfers ,
Tax Planning ,
Transfer of Assets ,
Trusts ,
Vacation Homes ,
Wills
No matter how much planning you do, you can never be too prepared to face the future of caring for your aging parents. While it may not be the most comfortable topic, having an open and honest discussion allows you to...more
In the last alert, we reviewed the responsibilities of an executor. In this next introductory review, we will discuss the role of a trustee.
Before we define the role of a trustee, we must explain the definition of a...more
As part of the estate planning process, clients nominate trusted friends or family members (or sometimes, banks or other institutions, depending on the role) to serve key roles: Executor, Trustee, Guardian, Agent under a...more
The basic exclusion amount is the total amount that an individual may pass by gifts made during his or her lifetime or by devises and bequests at his or her death without liability for federal estate, gift or generation...more
Before you pack the car and bring your student to their new home at college, there is an important bit of estate planning each family should consider. At the age of eighteen, a child become a legal adult....more