Five Things to Know Before Including a Limited Liability Company (LLC) in Your Estate Plan
When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include a number of tools for your unique situation. […]
Ways Your Will Can Be Revoked
A will (which should be accompanied by other important documents such as advanced healthcare directive and financial powers of attorney) is a foundational estate planning document. However, according to Gallup, only 46 […]
Why Deathbed Planning Might Give You Additional Grief
None of us likes to think about our own death or enjoys planning for that occasion. However, if you do not create an estate plan or fail to update it […]
Have You Chosen the Right Trustee?
Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also […]
Quiz: How Much Do You Know About Taxes?
True or false? Estate tax makes up the largest percentage of revenue collected by the Internal Revenue Service (IRS)? False. Approximately 50 percent of the IRS’s revenue comes from income tax, […]
Balancing Act: What Matters Most to You?
When people begin getting their affairs in order through the creation of an estate plan, they often face a delicate balancing act between saving on income and estate taxes, protecting […]
Surviving Tax Season
Taxes That Can Impact Your Estate Plan Estate planning involves deciding how to plan for the management of your money, property, and well-being before your death and how to distribute […]
Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly
Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly Some trusts are irrevocable as soon as they are created, which means that, in general, the grantor (the person who created and […]
Slicing Your Estate Planning Pi(e)
What? You didn’t know that March 14 (3/14) is National Pi Day? We didn’t either until recently, but now we know this celebratory day was established (you guessed it!) by […]
Do Not Leave Your Minor Children’s Future to Luck
We associate March with St. Patrick’s Day and Irish traditions such as searching for four-leaf clovers, which are thought to bring good luck. One thing that parents should never leave to […]