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.
Compliments of the McGee Law Firm, Attorney Brandon McGee Actor Wesley Snipes has given the anti-tax movement in the U.S. a new face. The actor earned more than $38 million between 1999 and 2004, but failed to file any income tax returns for those years. He and his co-conspirators claimed that a technicality in the … Read more
Creating an estate plan for the first time is sure to stress you out. And that’s okay. You’re tackling a very important process that will affect you and your family now and in the future. Even if you’re stressed, it’s important that you slow down and carefully look at every detail in front of you. … Read more
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.
Compliments of the McGee Law Firm, Attorney Brandon McGee Nobody thinks they will be in an auto accident, have a heart attack, have a stroke, or a myriad of other unexpected, sudden incidents. Those are events that happen to other, unfortunate people – not to us. Yet, according to the National Highway Traffic Safety Administration, auto accidents … Read more
Choosing a guardian is one of the more difficult decisions associated with estate planning, but it’s one that you can’t afford to put off. You hate to think about the potential of passing on before your children reach the age of 18, but it’s the responsible thing to do. The manner in which you choose … Read 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.
Compliments of the McGee Law Firm, Attorney Brandon McGee Nobody expects the unexpected. That truism was very apparent in Heath Ledger’s death on January 28, 2008. The 28 year old actor died of an accidental overdose from the interaction of prescription medications. Heath perhaps was best known for his Academy Award-nominated role in the 2005 … Read more
When you create a will, you’ll immediately feel better about your future. You know that if anything happens to you that your estate will be managed in the appropriate manner. It’s also a good way to ensure the well-being of your loved ones. However, there may be something you’re forgetting: your circumstances can change over … Read more
As fall turns into winter and the holiday season arrives, it’s natural to review the year, plan for the next, and count your blessings. One of the ways to plan for the next year, and perhaps to address some outstanding concerns in this one, is to consider making annual per donee exclusion gifts. This article will explore annual exclusion gifting and demonstrate how gifts of seemingly modest amounts can be a powerful estate planning tool. Read on to learn more.