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
When deciding how to split your assets among your children at death, there are many different factors to consider. Equality is certainly one of those
Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to
Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to
Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to
Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to
A contingent beneficiary is a person or entity designated to receive assets if the primary beneficiary is unable or unwilling to accept the inheritance. In
When you prepare your estate plan, typically there are formalities required. In most states, a Will must be signed by the testator (the person whose
This is the third article in a three-part series on Powers of Attorney. The first article examined the Financial Power of Attorney, and the second
This is the second in a three-part series on Powers of Attorney. The first article examined the Financial Power of Attorney, and this article examines
