My Trust is Signed, No Probate for My Family, Right?
Establishing a trust is a great probate-avoidance tool. But having a trust doesn't necessarily keep you out of Probate Court.
Lifetime QTIP Trusts – The Gift That Keeps Giving
For some wealthier couples, lifetime QTIP trusts may be a good estate planning tool. The QTIP Trust is created and funded with gifts from the wealthier spouse that qualify for the unlimited marital deduction while both spouses are living.
What to Bring to Your First Meeting with the Estate Planning Attorney
Here's a checklist of documents and items you should bring to your initial consultation with your new estate planning attorney.
When is “living probate” necessary?
Many people think having just a Will is a sufficient estate plan. However, what most people don't realize is that their Will only goes into effect upon that person's death. What if you become incapacitated? Do you have a plan in place? If not, a conservator may need to be appointed to manage your financial affairs during your incapacity.
New Baby? Time to Create or Update Your Estate Plan
A new child is a welcome addition to the family. Taking care of this precious child means ensuring your financial and personal affairs are in order in the event of your death or incapacity.
Stress Test Your Estate Plan
It's wonderful you have an estate plan. Now, it's up to you to ensure that estate plan fits your current financial and personal circumstances.
Four Easy to Avoid Mistakes People Make at Tax Time
Tax Day is just around the corner. Don't make these 4 mistakes when filing your taxes.
An Easy Three-Step Review for Your Estate Plan “Helpers”
While putting together an estate plan is important for you and your loved ones, it is equally important for you to understand the role of the trusted individuals who will be carrying out your wishes when you are unable to. When it comes to estate planning, these helpers are key.
Three Legal Things to Do After a Scary Health Diagnosis
If you have recently been diagnosed with a serious medical condition or illness, consider taking these three steps to ensure you and your loved ones are protected.
Portability
Under current federal tax law, most estates will not be subject to federal estate taxes or "Death Taxes." However, if your estate is of significant value, you may want to consider portability.
Using Private Professional Fiduciaries
If you don't have any family members or close friends who are able and willing to help you manage your personal and financial affairs, a Private Professional Fiduciary is a great alternative.
The Importance of Updating Your Beneficiary Designations
Do you know who is listed as your beneficiary(ies) on your beneficiary designated assets? If not, the answer may surprise you and can negatively impact your estate plan.
Halloween is the Perfect Time to Think about Estate Planning
Historically, Halloween was a celebration of human death. Have you thought about what will happen upon your death?
Estate Planning Should Include Your Whole Family...Even Your Pets!
Don't forget Buddy! Estate planning should include all members of your family, including your beloved pets.
Quick Tip: You Can Potentially Save Money Through Transmutation
Transmuting property to community property can save beneficiaries in capital gains tax.
Do I Want to Avoid Probate?
Whether or not you need to avoid probate can be a complex question. Speak with an estate planning attorney to decide if one or more probate avoidance techniques is right for you.
Choosing a Guardian for Your Minor Children
Choosing the right guardian for your minor children can be one of the most difficult decisions in the estate planning process. This blog post identifies some characteristics you should consider to help make this decision easier.
