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February 2019 Archives

Did the new tax law make trusts obsolete?

A trust is an estate planning tool that can reduce one's estate tax obligation. As a result, some may think the increased estate tax exemption rates that went into effect with the passage of the Tax Cuts and Jobs Act (TCJA) have made the need for a trust unnecessary.

Top reasons to have an estate plan

Estate planning is not just for individuals and families with large estates. One of the most important documents to have in your estate plan is a will. Have you thought about getting a will but decided to do it later? Think again. Dying without a will creates serious repercussions for your loved ones.

Is your estate plan up-to-date?

Your personal New Year's resolutions may still be in full swing, or they may have disappeared a few weeks ago. Either way, your estate planning resolutions should still be on your mind if your goal is to protect your family and your assets.

Most people forget this asset in their estate plans…did you?

Estate planning provides the opportunity to review and account for all assets. Most people have plans that include tangible forms of property, retirement accounts, stocks, bonds and business interests. But did they remember to include digital assets?

Two Smart Reasons for Creating a Supplemental Needs Trust for Loved Ones with Special Needs

A special needs trust is a legal document that can help to better ensure the care of loved ones who are unable to make decisions on their own. This legal tool, also referred to as a supplemental needs trust, offers many benefits.

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Connors & Sullivan attorneys at law, pllc

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