Keep These Considerations in Mind When Choosing an Estate Planning Attorney

Although it can be a challenging topic to address, estate planning is critically important for those who wish to have a say in how their property and assets are handled upon their death. A comprehensive estate plan can also allow you to decide things like what type of medical care you want and do not […]

Choosing an Estate Planning Lawyer

If something tragic were to happen to you tomorrow, do you have any idea what would happen to your assets and property? Would your children, grandchildren, or other would-be heirs appropriately receive the inheritance you intend for them? If you are not sure about the answer to questions to like these, chances are good that […]

The Importance of Creating a Digital Estate Plan

In today’s digital age, the bulk of our lives seems to exist online or in other electronic formats. But the law has not caught up with that reality. While a few states have enacted laws protecting digital property and a family’s right to access it after a loved one dies, most states rely on the […]

Providing for Children Born After Your Will Has Been Executed

Philip Seymour Hoffman will be remembered as a talented actor and, sadly, for the tragic way that he died. But his sudden death shines a light on more than the dangers of illegal drug use. It also reminds us of the importance of planning ahead to provide for our families. In 2004, Hoffman executed a […]

US Tax Code Information

In the U.S. tax code, there is a special provision regarding monetary gifts, and how much you can gift to someone without having to pay taxes. According to the Internal Revenue Service (IRS), “any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in […]

The Trouble with Prepaid Funerals

In the interest of making things easy for their future beneficiaries, many elderly plan for death by orchestrating a prepaid funeral. It seems, from the outside, a great idea: “when I finally go, my family won’t have to worry about any costs to lay me to rest—I can plan it on my own terms, with […]

Different Types of Fiduciaries

Beginning to plan one’s estate isn’t an easy task, and can be a dim reminder of mortality. Many people put off estate planning until they’re at the end of the road, which works in some cases, but can sometimes leave the person’s family straddled with an unmanageable tax burden, debt, or, at the very least, […]

Stretching an IRA

Leaving money to your children or any other beneficiaries doesn’t have to be a one-time deal. According to AARP Magazine, you can actually leave money to your kids or grandkids that increases over time, “with a little bit of planning on your part—and a little educating of your beneficiaries.” This type of IRA is called […]

How To Avoid A Gift Tax

According to CNN Money Magazine, “estate planning isn’t just about how you want your assets distributed after you die.” Figuring out what to do with your estate is just that—and while the word “estate” may bring to mind brick mansions and vacation homes, the truth is that most people, of any socioeconomic class, have an […]