The following article is from The National Law Review (Feb 13, 2021 issue by Jacqueline Messler) and does a great job of summarizing the (possible) coming changes in estate tax law. “Over the past twenty years, there has been a dramatic change in the Estate tax laws. Given the Democratic control established in Washington, D.C.…
Estate Planning applies to everyone!
There’s a cliche that says, “You can’t take it with you.” Although that’s true, you can arrange your affairs to make sure that more stays with your family and less is consumed with taxes.
As importantly, your wishes regarding your health care and even the way your assets are to be used can be controlled through trusts and various gifting strategies. Need some ideas about your will? This link can help.Want to know the two words in your will that can change how your heirs receive your assets? You’ll find the link here. Browse around and contact us if you have questions.
What happens when you know there’s a will but no one can find it? Our thanks to attorney Ira Leff’s tax blog (we’ve included a download link at the bottom) for the information below. Here’s one family’s course of action when unable to produce the will of a widow with no children. For more estate and asset…heirs, living will, lost will, will
It’s not just about you and me. Planning is about leaving a positive legacy for our children. This tongue-in-cheek video shows one very sound reason why you’d want to do this. Concerned about your financial goals? Contact us for help. (Click here if your screen doesn’t show the video.)debt, financial planning, national debt, video
. . .there are usually some opportunities for tax and estate planning. Most people don’t appreciate the importance of a will, especially if they think their estate is below the level of the estate tax exemption. Even people who recognize the need for a will often don’t have one, perhaps due to procrastination or the lack of…Beneficiary, Estate planning, Executor, Inheritance tax