Estate Planning Articles
Some of these articles have been written by our law firm and other articles are written by the American Academy of Estate Planning Attorneys and compliments of our law firm. Any feedback or questions about the articles can be addressed by contacting our office.
If you are a nonresident alien, or you are married to someone who is, estate planning can be more complicated to navigate, and more important. Failing to plan ahead could even result in the loss of much of your estate assets to federal gift and estate taxes.
For many, one of the most complicated and awkward conversations is likely a discussion around funerals. Preplanning for a funeral can be the ideal opportunity to start a conversation, and if you’re a Medicaid recipient, it’s even more important.
Incorporate gifting to your loved ones as a way of reducing your overall annual tax burden, but be sure you do it in such a way that it maximizes your goals.
There are long-term estate planning objectives that are as important for childless men and women as they are for parents. Estate planning as a whole should remain a priority.
No contest clauses reduce the risk of having your estate plan contested. Any efforts to contest a last will and testament can result in a total loss of any inheritance.
We always hear that planning is crucial. No truer is that sentiment than when it comes to caring for our aging parents. Proper planning can mean the difference of an enjoyable retirement or one that’s riddled with problems.
Our priorities shift as we move through our lives. What might have been important in our early twenties may no longer be a priority as we near retirement. It’s important to ensure our estate plans are current and that a trustee is chosen who will carry out our wishes when we are no longer able to do so. Learn more about addressing your estate planning priorities and how they might affect you in the future.
When you make the decision to adopt a child into your family, it can be an exciting and emotional time. Don’t let this joyous occasion of adoption lead to legal or financial trouble that can be avoided with proper planning. Find out why it’s important to speak with an experienced estate planning attorney when you’re ready for that big step!
Many people may be considering giving to a favorite charity or cause especially around this time of year. However, it’s important to make sure you’re informed about the latest tax rules before drawing from your Individual Retirement Account (IRA) to avoid any unpleasant surprises. Find out why you should speak with an experienced attorney when you’re feeling charitable this holiday season.
While creating a Trust is an important step, it’s just the first step in securing your legacy. Has your Trust been properly funded? Find out why you should follow up with a good estate planning attorney to ensure your assets are properly protected.