Trusts fall into two basic categories: testamentary and inter vivos. A testamentary trust is one created by your will, and it does not come into existence until you die. In contrast, an inter vivos trusts, starts during your... Continue Reading
The First Steps To Take When Settling An Estate Even if it’s expected, losing a loved one, such as a parent, can be traumatic. The aftermath can be discombobulating, as well. The matter of settling an estate often compounds... Continue Reading
Many people believe that if they have a will their estate planning is complete, but there is mush more to a solid estate plan. A good plan should be designed to avoid probate, save on estate taxes, protect assets if you need to... Continue Reading
The Tax Court ruled that $4 million in assets transferred to a family limited partnership must be included in a decedent’s estate under I.R.C. Section 2036 because the decedents maintained control over the funds after the... Continue Reading
What is long term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. It is not just provided in nursing homes. In fact, a common type of long-term... Continue Reading