Estate Planning and Elder Law Website
Most people do not have estate plans, but many of those that do have been quite diligent. They have a will or a trust that will facilitate asset transfers after they are gone, and they have a living will and durable powers of attorney to account for possible incapacity. If you have taken these steps, …
Avoid This Common Mistake That Can Erase Lifetime LegaciesRead More
During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more.
Here at the Slaton Schauer Law Firm, PLLC, people often ask us about taxation of capital gains. Commonly, you may wonder if you are responsible for capital gains that accumulated during the life of the person that left you the inheritance. If they never realized a gain, the taxes would be unpaid, so it would …
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more.
As you create and update your estate plan, it’s important to remember that your beneficiary designations are equally crucial to your will or trust structures. Beneficiary designations are the instructions you give to your financial institutions and insurance companies about who should receive assets which are not governed by the will or trust. Some common …
If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
As a parent, you want to do everything you can to protect your children, even after you’re gone. This includes planning for their future in the event that something happens to you. One important aspect of this planning is guardianship. If you have questions or concerns about this, contact Regina or me here at the …
Advance health care planning is an important part of preparing for the future, yet many people put it off or don’t know where to begin. If you’re new to advance care planning, this guide will provide you with a basic understanding of what it entails. Of course, you can always contact us here at the …
