Every testator putting together an estate plan has different needs and priorities. The extent of an individual's holdings, the various relationships they have developed and their personal values all influence what they want to happen with their assets after they die. ...
When you inherit property or investments from a loved one, you may be focused on the sentimental value of the property or the financial opportunity the assets represent. But there’s an important tax concept that can make a huge difference in how much you ultimately...
Lifetime gifting is a strategic component of estate planning, offering the dual benefit of expressing generosity towards loved ones while reducing the size of one's estate to potentially lower estate taxes. By transferring assets during their lifetime, individuals can...
Whenever money is involved, odds are high the Internal Revenue Service (IRS) is also involved. One example involving estate planning is the use of trusts. Trusts are essentially legal tools that govern the distribution of certain funds. This piece will discuss how the...
An estate plan accounts for more than just a transfer of assets at one’s death. It guides financial planning, health care decisions and even how we gift. Anyone that puts together an estate plan with a one size fits all mentality is unlikely to make the most of...
An estate plan accounts for more than just a transfer of assets at one’s death. It guides financial planning, health care decisions and even how we gift. Anyone that puts together an estate plan with a one size fits all mentality is unlikely to make the most of...
