Clients are often most concerned about how to dispose of their tangible personal property, i.e., their “stuff.” Often even wealthy clients are most concerned with the things around them rather than their financial accounts. What’s the best way to handle the “stuff”? Read on to learn more.
It’s a good feeling to have a solid, comprehensive estate plan in place. Not only does it give you peace of mind right now, but you know that it’ll protect you in the future. The only problem with estate planning is that your circumstances can and probably will change as you age. As a result, … Read more
Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. This can be a great result for the client in the right circumstances. Read on to learn more.
Compliments of the McGee Law Firm, Attorney Brandon McGee The birth of a new baby is a wondrous, joyous event. Henry David Thoreau said that “every child begins the world again.” Your world certainly began anew with your new baby! It was a long path, and it all seemed to happen so fast! But, it … Read more
The pandemic has been difficult for many of us, including some Estate Planning attorneys. Sometimes it’s difficult to follow all the news. But, there’s little-known pandemic relief for employers struggling from the pandemic. Read on to learn more.
Compliments of the McGee Law Firm, Attorney Brandon McGee An inheritance is a bittersweet thing. On one hand, the circumstance which brought about the inheritance is the death of a loved one. On the other hand, your loved one valued your relationship with them enough to think of you and try to make your life … Read more
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more.
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article examines how beneficiary designations done prior to the SECURE Act might not have the intended consequences today. Read on to learn more.
When your children are young, it’s safe to assume you won’t tell them much about estate planning. However, as they age, you may want to consider sharing the details of your estate plan and the impact it could have on them in the future. Here’s the one thing to remember: you can share as much … Read more
The world is an unusual place. Things you’d never expect to happen sometimes actually do happen. There are natural disasters and unusual phenomenon. It’s important to prepare, not just for the unexpected but the eventual, as well.