by Christine | Aug 14, 2015 | Asset Protection, Elder Law, Estate Planning, GIfting, GRATs, Tax Planning, Trusts |
Some high-net worth families still face the challenge of reducing their estate to minimize or eliminate estate taxes, although the federal estate tax exclusion is currently larger than it has ever been. The portability of unused exclusion amounts are at $5.43 million...
by Christine | Aug 6, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax, Living Trust, Trusts, Wills |
Of all the hated taxes in the U.S. tax code, the estate tax is handily the single most hated tax, particularly among wealthy families who must pay it. In an effort to preserve wealth across generations, these families rely on the use of complex strategies to transfer...
by Christine | Jul 28, 2015 | Asset Protection, Elder Law, Estate Planning, Trusts, Wills |
Estate plans are more about reducing the stress on your heirs and ensuring that your wishes for the assets you leave behind are distributed as you wish than they are about money. Instead of focusing on a list of bank and investment accounts, trying thinking...
by Christine | Jul 24, 2015 | Elder Law, Estate Planning, Estates, Living Trust, Trusts, Wills |
Unlike previous generations, the baby boomers are more concerned with having enough money to last through their retirement years than with leaving substantial assets to their heirs and to charities. But they are still concerned with leaving a legacy for their...
by Christine | Jul 23, 2015 | Advanced Health Care Directive, Durable Power of Attorney For Finances, Elder Law, Estate Planning, Living Trust, Trusts, Wills |
Ensuring that your assets are passed on to heirs in a way that you wish is not always easy because of the many options available and the fact that the tax laws are always changing. While certain facts are relatively fixed – i.e., beneficiary designations on life...
by Christine | Jul 22, 2015 | Elder Law, Estate Planning, Estates, Retirement Planning, Trusts, Wills |
Don’t wait until the very last minute to make sure you are prepared, says Michael H. Milarski, a partner and senior financial advisor with Signature Financial Planning. Are you sure you’re ready to retire? You may have a few items to address before your golden years...
