Tag Archives: trust instrument
Special needs families & retirement: Three steps to success
It is common for parents to do everything they can to help better ensure their children’s happiness. Ideally, we hope that our little loved ones will find independence as well. Many do, some do not. Some require extra care as a result of a physical or mental disability. In these situations, parents still wish… 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 »
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 »
Financing Fido: Should you consider a pet trust?
Pet lovers often consider their dogs, cats, birds and other pets as fury, feathery or scaly family members. Opening your home to a pet comes with many joys, results in some interesting stories and can even have some health benefits – but it also comes with a cost. A literal cost. The care and… Read More »
Need an estate lawyer? Three times the answer is yes.
Is putting together an estate plan on your summer to-do list? If not, it should be. Putting together an estate plan is important to everyone, regardless of net worth. If you are uncertain about whether or not a plan can benefit you, ask yourself these three questions: Do you want to have a say… Read More »
Prince’s estate may owe more than it’s worth
Estate planning is more than just determining who gets what. This legal process can also be used to help reduce the taxes imposed on your estate. A failure to put together a plan leaves your estate at the mercy of the government – which can lead to steep tax bills. How steep? In short,… Read More »
Estate planning and divorce: One step to protect your children
It is rare that anything in law can be done with one step. Thankfully, when it comes to safeguarding your children’s financial future after a divorce, one relatively simple step can make a big difference. In fact, it isn’t even that painful – and as an added bonus, it is also an important step… Read More »
