Category: Estate Planning

Creating an estate plan is often seen as important but not urgent, leading many to postpone it indefinitely. Recognizing the reasons behind this procrastination can help you identify and overcome

If you’re the owner of a closely held business, much of your net worth is likely invested in the company. To preserve that wealth for your family after your exit,

The Tax Cuts and Jobs Act (TCJA) effectively doubled the unified federal gift and estate tax exemption — and annual inflation adjustments have boosted it even further. For individuals who

Asset protection is a smart way to shield your wealth from lawsuits and creditors. In today’s lawsuit-prone world, one legal issue or debt could undo years of financial progress. Without

For many people, pets are more than just animals — they’re cherished members of the family. Yet, their future care can be overlooked when it comes to estate planning. Including

One question the family of a deceased person often asks is: What happens to debt after a person dies? It’s important to realize that a person’s debt doesn’t simply vanish

Married couples often assume during estate planning that simply naming each other in their wills or designating each other as beneficiaries is sufficient. However, unintended consequences can result if you

It’s not uncommon for an estate plan to contain multiple trusts. They can enable you to hold assets for and transfer them to beneficiaries, avoid probate, and possibly reduce estate

Members of the sandwich generation — those who find themselves simultaneously caring for aging parents while supporting their own children — face unique financial and emotional pressures. One often overlooked,

If you’re considering making asset transfers to your grandchildren or great grandchildren in your estate plan, be sure to address the federal generation-skipping transfer (GST) tax. This tax ensures that