Trusts offer the advantage of creating specific boundaries for release of funds while protecting the rest of the money and property from creditors. Even more advantageous, if you plan properly, you can eliminate some or all... Continue Reading
Proper estate planning is at the core of making sure that your property is transferred to the right family members at your death. In the case of order of inheritance, everything depends upon the state’s laws where you live and... Continue Reading
Every state has limits on what you can bequeath in your Will. Depending on the types of assets you own and how you hold title to them, you may not be able to convey all of your property to beneficiaries using a Will. Assets that... Continue Reading
A power of attorney is a legal agreement that specifies a decision maker in the event of incapacitation. In other words, a power of attorney is someone trusted with making financial, legal, and medical decisions for someone who... Continue Reading
Gift Tax Adequate Disclosure Related to Proposed Regulations While the proposed Code Section 2704 regulations are still in limbo, along with other regulations that may indirectly impact 2016 gift tax returns, it is recommended... Continue Reading