Estate planning is like taking a roll call to make sure everything is in place. Just like you need all your classmates in school, you need specific legal tools for a complete estate plan. These tools help...
Estate Planning Tools You Need
Category: Estate Planning
Hunger Action Month: Taking Steps to End Hunger in America
Every September, we observe Hunger Action Month, a campaign initiated by Feeding America in 2008 to raise awareness and inspire action against hunger in the United States. Hunger is a critical issue, affecting over 34 million people,...
Proposed Changes to How Your Retirement Plan is Managed
Prevent Excessive Accumulation
The Greenbook outlines proposals on several different topics. One proposal that could directly impact your future financial security is the proposal to prevent excessive accumulations of wealth by high-income taxpayers using tax-favored retirement accounts. Tax-favored (sometimes referred to as...
Ways the Administration Wants to Modify the Tax Rules for Certain Trusts
Ways the Administration Wants to Modify the Tax Rules for Certain Trusts
Taxes are not just for individuals—they can impact certain types of trusts as well. Whether a trust pays its own taxes or whether the taxes are paid...
Three Improvements the Administration Wants to Make Regarding Administration for Trusts and Decedents’ Estates
When a person dies, there are often several tasks that need to be completed to properly wind down their affairs (their estate)—funerals and other preparations need to be planned, bank and investment accounts closed, property transferred,...
Infusing the Principles of Etiquette into Your Estate Plan
May is National Etiquette Month, and the goal is to encourage all people to act with consideration, respect, and honesty in their interactions with others and in their everyday lives.
Etiquette can also play...
Important Probate Rules You Should Know
When a person dies, what happens next depends on whether the deceased person had any foundational estate planning documents such as a last will and testament (otherwise known as a will) or trust, who the living relatives are,...
Have You Outgrown Your Estate Plan?
As estate planning attorneys, we work hard to set up estate plans that fit a client’s needs and ensure that everything works together for the client and their loved ones. Estate plans remain effective as long as they...
Balancing Act: What Matters Most to You?
When people begin getting their affairs in order through the creation of an estate plan, they often face a delicate balancing act between saving on income and estate taxes, protecting their hard-earned savings from their ultimate beneficiaries’ creditors,...
Taxes That Impact Your Estate Plan
Estate planning involves deciding how to plan for the management of your money, property, and well-being before your death and how to distribute your money and property after your death. A comprehensive estate plan should consider the impact that taxes can...
