Dec 02 Smart Estate Planning for Modern Blended Families
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Nov 01 New Marriage or Partnership? Time for an Updated Estate Plan!
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Sep 05 We May Never See a Better Environment for Transferring Wealth … Here’s Why
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025. In this article, we explain why 2024 is an...
Nov 06 What Are the Different Kinds of Trusts?
Additionally, trusts work on behalf of your beneficiaries in your absence. Not all trusts are the same, however....
Apr 19 When Death Do Us Part
Ideally, a prenup will be drafted in alignment with the corresponding will. However, in situations in which the two documents are in direct contradiction with one another, courts tend to prioritize the prenup over the will as long as the former document was negotiated fairly...
Dec 16 Give Your Heirs a Fair Shake
For some simple estates, all you may need to do is split your assets in equal proportions among heirs. In other instances, however, you have more complex issues to confront....
Nov 17 The Dangers of Procrastination
If you dither and procrastinate over creating even a straightforward will or simple trust, you put the future finances of your family and loved ones in jeopardy. You risk that the assets you have worked for a lifetime to accumulate or protect will not be...
Aug 25 Gift Characterizations Cast Long Shadows
Back in 1913, Woodrow Wilson began his first term as president, and Americans first filed Form 1040s. Right from the beginning, Congress told the IRS to enforce rigid rules for compensation and to forget about gifts. The IRS followed orders....
Jul 29 Tax Breaks for Older Couples Who Sell Their Homes
Consider Irene, who recently became a widow when her husband, Henry, died. Like most married couples, they held the title to their home in joint ownership with the right of survivorship. In plainer language, this means that co-owner Henry's death results in his loss of all...
Jun 28 Now Is the Time To Revisit Your Estate Plan
COVID-19 has made estate planning even more complicated. This post discusses the three basic areas to review as you reassess your estate plan, including the tax strategies that have become more advantageous because of the current financial and economic environment....
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