Do You Need a Spendthrift Trust?
Creating a spendthrift trust for your loved one can limit their spending and your protect wealth.
What Are the Drawbacks of Naming Beneficiaries?
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.
The Qualified Personal Residence Trust
People seek effective estate planning strategies to minimize potential tax burdens and protect their assets. The qualified personal residence trust (QPRT) is a valuable tool in this area. This specialized trust enables individuals to transfer their primary residence or vacation…
Probate Litigation: An Overview
Probate litigation occurs during the probate process, the legal process that administers a deceased individual’s estate. When someone passes away, their assets and debts must be settled and distributed according to their valid will or the applicable state laws of…
A Brief Overview of Elder Law Attorneys
Currently, more than 51 million Americans are 65 years or older, and that number continues to rise. Medical and technological advancements allow seniors to live longer and better lives than ever before. The expanding needs of the US aging population…
What Are the Benefits of Charitable Trusts?
Would you like to preserve your assets for your children or other loved ones while minimizing tax consequences at the same time? If so, a charitable trust could be a good tool for you to use. Charitable trusts provide individuals…
SECURE 2.0 Act of 2023
Since 2006, the Pension Protection Act has been the only significant change in retirement legislation since the Setting Every Community Up for Retirement Enhancement Act (SECURE). The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries…
The Gift of Proper End-of-Life Planning Begins With You
In most cases, talking about the end of our lives is uncomfortable and easily avoided. Since we don’t want to talk about it, many of us don’t make plans for what we want to happen before or after we pass…
Planning for Your Child’s Education with a 529 Plan
Higher education costs are increasing every year, so families are trying to find ways to save. One option is a 529 plan. These investment plans allow families to put money away for a child’s future education expenses and gain tax…
The Basics of Estate Taxes
An estate tax is imposed in the US when assets pass from an estate of a deceased individual to an heir or beneficiary. An estate tax is not the same as an inheritance tax. It’s a tax on the total…
