April 14, 2021 •
Estate Planning ![]()
While the tasks of dealing with an estate after someone passes may be simple administration, the work associated with it is often quite complicated.
Read MoreMarch 1, 2021 •
Estate Planning ![]()
Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.
Read MoreJanuary 29, 2021 •
Estate Planning ![]()
Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
Read MoreJanuary 12, 2021 •
Estate Planning ![]()
I am a single retired parent to an adult daughter, who is an only child. The home I currently reside for the last 26 years still has a mortgage and the deed is in my name only. I have a will that states everything is left to my daughter, and then to my grandson, if she proceeds me in death. Should my daughter be added to the deed?
Read MoreNovember 27, 2020 •
Estate Planning ![]()
Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.
Read MoreSeptember 15, 2020 •
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You would like to pass a house tax-free to your heirs. After all, you want to give them a gift, not the burden of taxes. How do you do that?
Read MoreSeptember 2, 2020 •
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Small businesses are often caught up in growth cycles, profits and ensuring that products arrive to consumers on time. The life of a small business owner is a hectic one with many owners failing to follow basic estate planning and business law practices.
Read MoreJuly 10, 2020 •
Estate Planning ![]()
This type of trust can be established to benefit your spouse, children, grandchildren and other descendants. However, it may be more appropriate in some situations than others. Getting to know the details of what an IDGT is and how it works can help you decide if it makes sense for you.
Read MoreJune 11, 2020 •
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Simultaneously, T&E practitioners are well aware of the primary risk posed by a GRAT; namely, the mortality of a grantor during the GRAT’s term.
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