LEGAL UPDATES

Now’s the time to consider short-term GRATs

The fact that a minimum term for grantor retained annuity trusts (GRATs) has been discussed in Congress but not become law — combined with low interest rates — may make it an ideal time…

Accounting for Digital Assets in Your Estate Plan

If you die without addressing your digital assets (such as online financial accounts, social media accounts, loyalty program benefits, etc.) in your estate plan, your loved ones or other representatives may not be able…

How an ILIT Can Eliminate Estate Tax Liability on Your Life Insurance

If you own life insurance policies at your death, the proceeds will be included in your taxable estate. Ownership is usually determined by several factors, including who has the right to name the beneficiaries…

Don’t Forget to Plan for Long-Term Care Expenses

Too often, people planning their estates focus on tax and asset-protection issues and overlook long-term health care needs. But the high cost of long-term care (LTC) can quickly devour resources you need to maintain…

Use Caution When Transferring Home Ownership to Your Children

Many people mistakenly believe they can transfer their home to their children while retaining the right to continue living in it for the rest of their life, and remove the home’s value from their…

Will Your Loved Ones Be Able to Locate Your Documents?

Your estate planning efforts may go for naught if your family can’t find your documents. Here are several tips for ensuring that critical documents are readily accessible when needed: Wills and trusts. Ensure your…

Securities Laws FAQ for Craft Breweries and Taprooms

A private placement of securities, coupled with a commercial bank loan, is becoming an increasingly common method to finance the operations and expansion plans of both startup and existing craft breweries and taprooms. While…

Gift Now or Pay Later?

The good news is that the opportunity for tax-free transfers of wealth to future generations has never been better during our lifetimes. The bad news is that the window on this opportunity is closing…

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