When Did You Last Update Your Estate Plan?
Estate planning is often viewed as a “one-and-done” task. Many people consider it to be something you do once, and then file. Instead, you must update your estate plan as
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Category: Estate Planning
Decanting An Irrevocable Trust: The Benefits It Brings To Your Estate Plan
Reducing estate taxes and helping to ensure your assets are distributed as you wish are some of the estate planning benefits of using an irrevocable trust. However, estate planning isn’t
Estate Planning Considerations If You Own Real Estate In Multiple States
Owning real estate such as vacation homes, rental properties, or future retirement residencies play an important role when estate planning. But, if these properties are across multiple states, there may
The Ins & Outs Of Gift-Splitting With Your Spouse
In 2026, the gift tax annual exclusion per beneficiary allows you to transfer up to $19,000 gift tax free without tapping into your $15 million lifetime gift and estate tax
Steps To Take To Avoid Loved Ones Challenging Your Will After Death
Family members can challenge estate planning documents or contest a loved one’s will upon a death. However, there are steps you can take to lessen the chances of this happening
Use A Crummey Trust To Leverage Your Gift Tax Annual Exclusion
The mechanics of a Crummey trust may seem technical, but the concept is straightforward. A Crummey trust provides a key tax benefit of an outright gift excluding some of the
Five Steps for Addressing Your Elderly Parents In Your Estate Plan
Addressing your elderly parents in your estate plan with clarity and sensitivity is key when creating or updating it. Your plan must reflect realities such as providing financial support, sharing
Make Important Health Care Decisions While You Are Still Healthy
An crucial part of any estate plan is the integration of important health care decisions into your estate plan. This helps ensure that these decisions are thoughtful, informed, and reflect
The Pros & Cons of Jointly Owning Assets With Your Adult Child
Jointly owning assets with your adult child may seem like an easy estate planning solution, but it can create significant legal, tax, and practical implications that are important to consider.
Take Advantage Of Gift Tax Annual Exclusions Before Year End
The end of the year is a great time to revisit your gifting strategy. If you’re wanting to transfer wealth efficiently while reducing future estate tax exposure, a simple and