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Will Your Estate Plan Benefit From a Trust Protector?

You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings, these trusts must be irrevocable, thus requiring you to give […]

Consider An HSA For Your Savings Regimen And Estate Plan

Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings Account (HSA) can be a powerful tool for financing health […]

Are Your Payable-on-Death Accounts Coordinated With Your Estate Plan?

Payable-on-death (POD) accounts provide a quick, simple, and inexpensive way to transfer assets outside of probate. They can be used for bank accounts, certificates of deposit or even brokerage accounts. […]

Trusts to Consider When Estate Planning for a Blended Family

No one said estate planning is easy, and this is especially true if you have a “blended family.” The good news is that there are two trust types — a […]

Second Marriage? Time to Update your Estate Plan

If you’re in a second marriage or planning another trip down the aisle, it’s vital to review and revise (if necessary) your estate plan. You probably want to provide for […]

Curbing Power of Attorney Abuse

A financial power of attorney can be a valuable planning tool. The most common type is the durable power of attorney, which allows someone (the agent) to act on the […]

Do You Need To File A Gift Tax Return?

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be subject to federal […]

For Non-U.S. Citizens, Estate Planning Rules Are Different

Traditional estate planning strategies generally are based on the assumption that all family members involved are U.S. citizens. However, if you or your spouse is a noncitizen, special rules apply […]

When Inheriting Property, Be Aware Of The Basis Consistency Rules

If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis consistency rules. Current tax law, passed in 2015, provides that […]