ESTATE PLANNING

4 good reasons to turn down an inheritance

Most people are happy to receive an inheritance. But there may be situations when you might not want one. You can use a qualified disclaimer to refuse a bequest from a loved one. Doing…

A power of attorney is a critical component of an effective estate plan

While much of your estate plan focuses on actions that take place after death, it’s equally important to have a plan for making critical financial or medical decisions if you’re unable to make them…

Why 2024 Should Be The Year You Do Your Estate Plan

When people learn I am an estate planning attorney, the most common response I get is “Oh my goodness, I have been meaning to do my will for years! I really need to get…

Comparing inter vivos and testamentary trusts

Creating and adhering to an estate plan is no simple task. Generally, the end goal of estate planning is to divide up and transfer assets to loved ones at minimal or zero tax cost….

Pay attention to securities laws when planning your estate

Do your assets include unregistered securities, such as restricted stocks or interests in hedge funds or private equity funds? If so, it’s important to consider the securities laws that may be involved in various…

Yes, your college-age child needs an estate plan

If your college-age child is home for the holidays, it may be the perfect opportunity for the two of you to meet with an estate planning attorney to draft an estate plan for him…

Year end is gift-giving time: Use the annual gift tax exclusion to the max

With the holidays approaching, you might be considering making gifts of stock or cash to family members and other loved ones. By using the annual gift tax exclusion, those gifts — within generous limits…

When the IRS Goes Viral: What You Should Know about Revenue Ruling 2023-2

It is not every day that my social media feed is filled with memes, click bait, and TikTok videos about IRS rulings, but Revenue Ruling 2023-2 caused enough shock and panic to go viral….

Higher interest rates spark interest in charitable remainder trusts

If you wish to leave a charitable legacy while generating income during your lifetime, a charitable remainder trust (CRT) may be a viable solution. In addition to an income stream, CRTs offer an up-front…

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