Individuals who undertake Estate Planning want to ensure that their plan works the way it’s intended. When clients neglect to consider Estate Planning on a regular basis, they set themselves up for failure. Waiting until an emergency arises almost guarantees that the plan will fail when needed the most. Estate Planning completed under duress can lead to unfavorable results. Read on to learn more.
Deciding how to pass on the family business is a complicated issue. Each person is in a unique situation. For example, Henry Durrell was equally fond of each of his three nephews. But, he wanted to keep his holdings together. So, his Will provided that his nephews should decide who would get the holdings using a game … Read more
If you don’t know what the probate process entails, it is something you may want to learn more about in the near future. While you never know if you will be faced with this process, there is a good chance you will at some point down the road. When a loved one dies, it is … Read more
Most taxpayers understand that to receive the benefit of charitable deductions, they need to itemize their income tax deductions. However, in the wake of the pandemic, Congress passed legislation allowing even those who take the standard income tax deduction to benefit from a charitable income tax deduction. Read on to learn more.
On your wedding day, everything seems like a dream. You have planned for it. You imagine the life you’ll build with your new spouse. You are filled with hope and expectation. Perhaps you even imagine growing old together and celebrating your golden anniversary surrounded by your children and grandchildren. However, nearly half of American marriages … Read more
It goes without saying that people are living longer than ever before. While this is good news for everyone, there is something to remember: you could still run into difficult times at some point in the future. Here’s some more good news: there are a variety of government programs you can turn to for assistance. … Read more
The New Year gives us an opportunity to start fresh. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your goals and concerns. If you already have one, the New Year gives you an opportunity to review it to ensure … Read more
Most people with substantial assets are interested in benefiting those around them. The fruits of success are best when shared with those close to you. In 2022, each person can give up to $16,000 per year to any other person without any gift taxation. It’s important to note that you can give $16,000 to each and … Read more
As you plan for the future, you must come to grips with the fact that you could one day be incapacitated. And if that happens, you’re unable to make your own medical decisions. Fortunately, with a medical power of attorney, you can make these decisions in advance to ensure that you receive the appropriate care. … Read more
When we learned of the original provisions in the Build Back Better Act, many individuals panicked, rushing to complete Estate Planning or seeking to undo certain aspects of their estate plan. As the Build Back Better Act has evolved, many wondered if they should have waited before making significant changes to their estate plan. No matter what happens with the Build Back Better Act, an estate plan centered on long-term goals will serve you well. Read on to learn more.