When it comes to estate planning, many people assume they need to have a formal, typed will for their wishes to be legally binding. However,
Do you know those sneaky tax loopholes that seem too good to be true? Well, the IRS just pulled the plug on one of them,
Estate planning is an important process that allows individuals to plan for the distribution of their assets after they pass away. However, many misconceptions surrounding
Owning a yacht is a dream come true for many people. However, while it’s an investment that brings immense joy, it also requires significant effort
Celebrities! They’re just like us! Well, in some ways, at least. Even the rich and famous aren’t immune from mistakes and oversights that can cause
Many people believe that Trusts are only for the wealthy, but this couldn’t be further from the truth. In fact, Trusts can be an extremely
When creating an estate plan, selecting the right beneficiaries and trustees is crucial. Choosing the right individuals to inherit your assets and manage your estate
ASK AN ESTATE PLANNING ATTORNEY Hey Anxious, I understand the frustration one develops when reaching a lender, especially when still dealing with the loss of
This is the second in a three-part series on the taxation of trusts. The first part reviewed how a trust can be “substantially owned” by
This is the first in a three-part series on the taxation of trusts. The first part reviews how a trust can be “substantially owned” by
The current estate tax exemption is $11.7 million. This is a record high. The “permanent” exclusion is $5 million and is adjusted for inflation from
All of us face difficulties and tragedies in our lives. Some of these difficulties are expected and some are unexpected. 2020 was a year of
