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A Spousal Lifetime Access Trust (SLAT) Can be your Financial Backup Plan

Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed irrevocable, you, the grantor, lose all incidents of ownership of the […]

Powers of Appointment Builds Flexibility into Your Estate Plan

There are several tools you can use to build flexibility into your estate plan. Flexibility is especially important now because of an uncertain estate planning environment. The federal gift and […]

The Dangers of Drafting Your Will Using Online Tools

The COVID-19 pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking the necessary steps today to protect your loved ones, it’s equally […]

Time May Be Right to Consider Forgiving Intrafamily Loans

If you have outstanding loans to your children, grandchildren, or other family members, consider forgiving those loans to take advantage of the current, record-high $11.58 million gift and estate tax exemption. […]

Rules Have Changed for your IRAs, RMDs and Estate Plan

Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the Coronavirus Aid, […]

Major Life Shocks, Like COVID-19, Signal a Review of Your Estate Plan

With a life shock as monumental as the COVID-19 pandemic, now is a good time to review your estate planning documents to ensure that they are up to date — […]

COVID-19 and Charitable Giving

The COVID-19 pandemic and the resulting economic fallout is dealing a crushing blow to charitable organizations. Indeed, during a time when food banks, disaster relief, and other nonprofit services are […]

Estate Planning and Intellectual Property

If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same goes for any copyrighted works. These assets can hold substantial value, […]

Gift Tax Filing And Payment Deadlines Now July 15

You may have heard that the federal income tax filing and payment deadline has been extended from April 15, 2020, to July 15, 2020, to provide relief for taxpayers adversely […]