Achieve greater charitable giving flexibility with a nonqualified CRT

As the federal gift and estate tax exemption continues to climb, the number of people subject to estate taxes is shrinking. For those with charitable giving goals, this may increase interest in charitable remainder trusts (CRTs). A lifetime CRT, for example, allows you to accelerate charitable gifts you’d otherwise make at death and enjoy substantial […]

A critical decision: Naming the guardian of your minor children

If you have minor children, perhaps the most important element of your estate plan doesn’t involve your assets. Rather, it involves who will be your children’s guardian.   Questions to consider When evaluating potential guardians, ask these questions: Do they want to serve as guardians? Does your estate plan provide sufficient resources so that caring […]

Greater estate planning options available to same-sex married couples

Last year’s landmark U.S. Supreme Court decision making same-sex marriage legal in all 50 states affects estate planning for many same-sex married couples. Now, like opposite-sex married couples, same-sex married couples may be able to take advantage of gift and estate tax breaks such as: The marital deduction. This allows one spouse to transfer an […]