Disclaimers are an effective Estate Planning tool for the Trust and Estate Practitioner. They allow the disclaimant to alter an Estate Plan if they follow the statutory requirements exactly. Disclaimers can be tricky but when used correctly, achieve great results for a client.
Can Estate Planning Help to Prevent Elder Abuse?
As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more.
Charitable Planning in Times of Crisis
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.
Could Using Specific Bequests Cost Beneficiaries?
Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Read on to learn more.
Estate Planning for the Youthful
Most people associate Estate Planning with the elderly or very wealthy. This article explores some general situations in which Estate Planning for the young and healthy is advisable. Read on to learn more.
Why to Update Your Beneficiaries
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 …
The Kiddie Tax – No Child’s Game!
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.
How do Entities Enter Estate Planning?
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.