This case shows the importance of having a Will and your estate documents professionally drafted. This case is merely the tip of the iceberg as to what can go wrong and how your desires may not be followed in the end. https://lnkd.in/gJk34KrRead More

A few excellent examples provided in this article between the current policies and what would happen to an estate/farm/business under the 99.5% Act and STEP Act if the bills are passed. Bottom line: a major negative impact on small businesses, estates, and farms Tax on Farm Estates and Inherited Gains | Farms.com  Read More

Biden Plan Estate Planning Advisory for 2021 (natlawreview.com)   Overview of Biden’s Estate, Gift, and Generation-Skipping Transfer Tax Plan, the likelihood of implementation, and possible retroactivityRead More

“Your estate plan needs to be structured to achieve the results you want under today’s law. Also, it should be flexible enough to adapt to changes in the law that take effect before you’re able to revise the plan.” https://lnkd.in/eusaB6SRead More

Great points in this short article. “An estate plan is the best love letter you can write to those you love.” Without one, “a court could end up deciding who takes care of your kids, state law determines who inherits your stuff, and the distribution may not be as you would want.” In terms of...Read More

Great questions to think about: Does your Will match your wealth transfer wishes? Are your assets titled correctly and have you set up the appropriate beneficiary designation forms? Have you established and funded all necessary trusts? You don’t have to be a celebrity to have an estate but without the proper planning, the mistakes can...Read More

Vacations Gone Bad How Delegating Parental Powers Can Be Critical With summer vacation time upon us, despite our Covid-19 world, many people are hitting the road or jumping on a plane. It is not uncommon to have minor children go on vacation with another family or go on a trip with a sports team or...Read More

  A Living Trust is an excellent estate planning option for many people. The idea of being able to immediately transfer assets at death without probating the estate is a huge advantage for many. However, like so many things these days, “One size does not fit all”. The same can be said for “cookie cutter”...Read More

The data according to Caring.com shows that “a majority of people believe estate planning is important, but a low number of people actually have documents in place which likely indicates a lack of education and familiarity with the process.” Even more startling, according to the survey, is that “in 2017, almost half (42%) of all...Read More