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When an individual owns a business entity that is classified either entirely or partially as an S corporation, it is important to seek the guidance of an experienced estate planning attorney and tax advisor when planning for death.
An individual’s belongings—such as jewelry, furniture, photographs, and books—sometimes slip through the cracks of their estate plan. However, getting rid of a book collection without first assessing it could be a mistake.
There are several proposals in the Greenbook that are meant to help alleviate some of the complications that have arisen in estate and trust tax matters and simplify the process.
Couples with highly appreciated accounts or property may get the most mileage out of their estate plans through community property trust.
If you are dealing with a job loss, you can transform what you may view as a crisis into an opportunity to protect yourself and your family.
Disinheriting a child, regardless of the reason, is generally not recommended as a means to manipulate a descendant or beneficiary.
Regardless of how much you have in the bank, you and your family can benefit from planning ahead for the future. If you fail to do so, you could leave your family scrambling if you’re suddenly incapacitated.
Although the term may conjure images of expansive country properties, expensive cars, or other symbols of high wealth, for the purposes of estate planning law, the term “estate” covers a whole lot more.
Before you leave for your summer trip, make sure your estate planning documents are in place and up to date.
Welcoming a child via ART? Plan for your unique family with tailored estate planning guidance. Get answers to common planning questions.
