Tag: Estate Planning

When it comes to estate planning, many people struggle with the important decision of whether to share the details of their plans with family members. There’s no one-size-fits-all answer —

For 2025, the federal gift and estate tax exemption amount is $13.99 million, which means most people won’t be liable for these taxes. However, capital gains tax on inherited assets

If your estate planning goals include distributing your wealth while also encouraging specific behaviors or achievements among your heirs, using an incentive trust may be the right addition to your

It’s common for parents to leave their primary residence or a vacation home to their children when planning their estate. While your parents’ wills or trusts may specify who gets

You may be wondering whether you’re required to file a gift tax return if you’ve given a significant financial gift to a family member. Even if no tax is due,

Having an estate plan helps make sure your final wishes are clearly documented and respected, even if you’re single and have no children. Estate planning isn’t solely about passing assets

In your estate plan, life insurance plays a vital role because its proceeds can provide for your family in the event of your untimely death. And for wealthier families, life

A popular estate planning tool that allows you to manage your assets during your lifetime and can assist in having a smooth transfer of those assets to your family after

If you’re a charitably inclined individual, your estate plan is the perfect place to make charitable gifts. One tool to consider using is a donor-advised fund (DAF). What’s the main

An inheritor’s trust is a special estate planning tool designed to protect and manage assets you pass to a beneficiary. Asset protection is one of its primary advantages because it