April 20, 2021 •
Estate Planning ![]()
Per stirpes in a will means that a deceased’s child’s share will pass to the deceased’s child’s children in equal shares, if any.
Read MoreMarch 25, 2021 •
Estate Planning ![]()
When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?
Read MoreMarch 17, 2021 •
Estate Planning ![]()
My 91-year-old mother-in-law died on Dec. 13, 2020. There was no will, so we are currently working our way through the probate process. Her income was less than $20,000 a year from Social Security and we can’t find any tax returns she filed. Was she required to file?
Read MoreMarch 12, 2021 •
Estate Planning ![]()
Larry King's handwritten will was recently obtained by outlets. It reportedly left out his estranged wife.
Read MoreMarch 2, 2021 •
Estate Planning ![]()
I understand that most people don’t need a living trust because probate is simple in the state, but can having a living trust save you time or money?
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 MoreFebruary 26, 2021 •
Estate Planning ![]()
When a house is sold, the seller is responsible for paying tax on the profit in the year of the sale.
Read MoreFebruary 10, 2021 •
Estate Planning ![]()
It’s possible to make changes to your will after it’s written, including removing or adding an executor, if necessary.
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