estate planning
Do You Need a Trust?: Estate Planning Q&A
According to the 2023 Wills and Estate Planning Survey by Caring.com, only 34 percent of Americans have an estate plan. The primary reasons respondents…
8 Frequently Asked Questions on Last Wills and Testaments
Starting an estate plan can be overwhelming, and you probably have many questions. You are not alone. Below are eight questions people…
3 Common Probate Questions: Estate Planning Basics
When people pass away, they leave behind assets, property, and possessions that can have sentimental and real value for surviving family members…
Modifying an Irrevocable Trust Through Trust Decanting
A trust is a legal document that you can set up to give assets to someone else. Trusts can be revocable or…
Do You Need a Spendthrift Trust?
The aging population is expected to transfer $30 trillion in the coming years, per Forbes. According to the Survey of Consumer Finances, the median inheritance…
What Are the Drawbacks of Naming Beneficiaries?
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions. What Is a Beneficiary? Beneficiaries are individuals…
Mitigating the Impacts: Sunsetting the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) took effect on Jan. 1, 2018, and impacted personal income taxes, small businesses, estate tax…
Inherited Retirement Accounts: Minimizing Tax Consequences
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect in 2020, changed how beneficiaries of inherited retirement…
What Is a Gun Trust?: Estate Planning Q&A
According to Pew Research, 30 percent of adults in the United States report owning a firearm. Gun sales have risen in recent years,…
Reducing the Risk of a Family Fight in Probate Court
Many family circumstances can increase the risk of probate litigation. High-risk factors that often bring about probate litigation can include sibling rivalry,…