Helping children, grandchildren, or other loved ones pursue educational opportunities can be one of the most meaningful ways to preserve and transfer family wealth. While 529 plans are a popular
Transferring wealth to family members can help reduce a taxable estate. However, gifts involving hard-to-value assets, such as interests in a closely held business or family limited partnership (FLP), can
Modern families come in many forms. A household may include biological children, adopted children, stepchildren, or children of an unmarried partner. While families may view all children equally, inheritance laws
Estate planning can carry added significance when a child, spouse, or other loved one has a disability. Leaving assets directly to that person, even with good intentions, could affect their
If your estate plan includes gifts, bequests, or other transfers to grandchildren, great-grandchildren, or other beneficiaries decades younger than you, the generation-skipping transfer (GST) tax deserves careful attention. Without thoughtful
Estate planning can become more complex when citizenship, domicile, and U.S.-situated assets are involved. For noncitizens, U.S. gift and estate tax exposure may depend on where they are domiciled, what
Laws governing the execution of a valid will vary by state, but they generally require specific formalities. For example, a will typically must be signed by the person making it,
Trusts can play an important role in an estate plan. They may help manage assets during your lifetime, guide how property passes to beneficiaries after death, and address family or
Life insurance can play an important role in an estate plan by providing financial resources for the people who depend on you and helping support broader planning goals. The right
Do you own an interest in a closely held or family-owned business? A buy-sell agreement can be an important part of your estate plan. This agreement outlines how your ownership
