
A Married Couple’s Decision: Joint Or Separate Trusts?
Including a revocable trust in your estate plan yields many benefits. This trust type allows you to lower probate expenses, keep your financial affairs private, and provide for the management
Including a revocable trust in your estate plan yields many benefits. This trust type allows you to lower probate expenses, keep your financial affairs private, and provide for the management
If you’re charitably inclined and list your deductions on your tax return, you may be able to deduct those donations. The key word is “may” because there are certain requirements
One of the golden rules of estate planning is to revisit your plan after a significant life event. Such life events may include getting married, having a child, going through
The U.S. Department of Health and Human Services reports that roughly 70% of Americans age 65 or over will require some form of long-term care (LTC). How will you pay
A buy-sell agreement should be a component of your estate plan if you hold an interest in a business that’s closely held or family owned. The buy-sell agreement provides for
Time is running out to take advantage of the current federal gift and estate tax exemption ($13.61 million for 2024). The amount will drop to an inflation-adjusted $5 million in
Few estate planning subjects are as misunderstood as probate. Probate is public, which is its biggest downside, and the one that grabs the most attention. Indeed, anyone who’s interested can
For many people, two common estate planning goals are contributing to a favorite charity and leaving significant assets to your family under favorable tax terms. A charitable remainder trust (CRT)
When drafting your estate plan, a key decision you must make is who to appoint as the executor. In a nutshell, an executor (called a “personal representative” in some states)
More than six years ago, legendary singer Aretha Franklin died. However, it wasn’t until last year that a Michigan judge ruled a handwritten document discovered under her couch cushions was