Tag Archives: estate plan
Estate tax turns 100: A brief review of the law on its centennial
The estate tax is celebrating a monumental birthday this year. The law, originally enacted as part of the Revenue Act of 1916 under Woodrow Wilson, is celebrating its centennial. As with most momentous birthday celebrations, the event provides an opportunity to reflect on where the tax has been, where it is, and where it… Read More »
Three tips for executors facing a will challenge
Getting named as an executor or executrix of a will is a serious responsibility. These responsibilities are put to the test when the will in question is challenged. What leads to a will challenge? A will can be challenged for a number of reasons. Two of the more common instances that result in ac… Read More »
Two reasons to include digital assets in your estate plan
A successful estate plan should be tailored to cover the owner’s entire estate. In this day and age, that means it should include provisions regarding digital assets. This expands beyond log-in information for social media accounts and email to include access to online banking accounts. Our reliance on these forms of digital assets, in… Read More »
Estate planning and the election: Potential impact of each candidate
Estate planning is a process that allows property owners to take advantage of various rules and regulations to help better ensure that they can get the most out of their assets. These rules and regulations are impacted by various changes in laws, changes that can happen at any time. One event that could impact… Read More »
Estate planning tax discounts at risk with new IRS proposal
The Internal Revenue Service (IRS) has proposed changes that will impact the use of certain deductions used to reduce the taxable assets in an estate for estate planning purposes. More specifically, the IRS is attempting to cut the minority discount often used when valuing interests held in family limited partnerships (FLPs). FLPs are common… Read More »
Estate planning 101: Two options to preserve digital assets
Putting together an estate plan is an important step towards wealth management. However, an oft forgotten area of estate planning involves digital assets. These assets should also be included within your plan. There are two basic routes to ensure these assets pass in accordance with your plans, one is tangible and the other is… Read More »
Saying “I do” again? Consider these 3 estate planning tips first.
Finding love a second time around is a wonderful thing. Those who find themselves in this happy situation can take steps to help better ensure that their happily ever after truly lasts “ever after”. Revisit your estate plan to ensure your “ever after” is protected Protect your ever after with these three estate planning… Read More »
Putting together an estate plan? Three steps to success.
A number of events can trigger the need for an estate plan. Some realize this need when they have children. Others begin the process when retirement is on the horizon. Whatever the occasion, it is wise to have a basic outline in place before sitting down to put together the plan. The easiest way… Read More »
The next level of estate planning: Two tips to preserve wealth.
Building wealth is a lifelong endeavor. You can increase the likelihood that these assets not only survive a transfer, but continue to grow. One proactive measure to help better ensure continued growth is to put together an estate plan. When putting together your estate plan, two specific steps that focus on preserving wealth are… Read More »
3 estate planning tips to help Boomers prepare for retirement
Retirement is quickly approaching or already beginning for most Baby Boomers. This innovative and independent generation has many things to look forward to, potentially including travel to exotic locations, road trips across the country and taking the time to learn new things. Whatever adventures await, this generation also has a hurdle to overcome that… Read More »
