Knowing the tax rules can help you pass on more of your money to your loved ones while minimizing taxes. Read more
Estate Planning Attorney
While it may not seem necessary when a special needs child is young, setting up a trust to ensure their financial stability is better to be done sooner rather than later. Read more
Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets. Read more
While many people think that estate planning is only for the wealthy, experts say that’s not the case. Read more
There are certain provisions that people often forget to put in a will or estate plan that can have a big impact on a family. Read more
It is a common misconception that only the ‘uber rich’ need an estate plan, when in actuality, everyone should have a plan. Read more
Federal estate taxes were created in 1916, taxing estates valued at over $5 million. This amount changed to $50 million in 1932. In 1940, it dropped to $10 million, then $5, then $3. In 2002-2007 estates worth more than $2 million paid the tax. Read more
As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation. Read more
Creating a will should be the first step in a comprehensive estate planning process, since it allows you to make sure that your wishes are properly carried out after your death. Read more
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney. Read more
