Providing For Your Parents in Your Estate Plan
If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that you are a member of the sandwich generation, with responsibilities to ...
What Does the Term “Funding the Trust” Mean in Estate Planning?
If you are about to begin the estate planning process, you have likely heard the term “funding the trust” thrown around a great deal. What does this mean? And what ...
Common Estate Planning Mistakes Regarding IRAs
For many people, retirement savings accounts are among the largest assets they have to bequeath to their children and grandchildren in their estate plans. Sadly, without professional and personally tailored ...
Limited Liability Company (LLC): An Overview
The limited liability company (LLC) is a hybrid type of business structure, offering business owners the best of both worlds: the simplicity of a sole proprietorship or partnership, with the ...
Incorporating Faith and Values in Estate Planning
For many, passing along religious beliefs or values to the next generation is just as important as passing along financial wealth and tangible assets. Estate planning creates many opportunities to ...
Estate Planning After Divorce
One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want ...
Living Trusts and Probate Avoidance
You want your money and property to go to your loved ones when you die, not to the courts, lawyers or the government. Unfortunately, unless you’ve done proper estate planning, ...
Treating Children Fairly Does Not Necessarily Mean Equally
Treating Children Fairly Does Not Necessarily Mean Equally Most parents want to treat their children fairly in their estate planning, and many assume that means having their children inherit equally. ...
Can I Get In Trouble with the IRS for Trying to Reduce the Amount of Estate Tax that I Owe?
You’ve likely heard that one of the many benefits of estate planning is reducing the amount of federal, and state, taxes owed upon your passing. While it may seem like ...
A Shared Home but Not a Joint Deed
A Shared Home but Not a Joint Deed Many people erroneously assume that when one spouse dies, the other spouse receives all of the remaining assets; this is often not ...