Dear Clients and Friends, Generally speaking, estate planning laws were designed for the traditional nuclear family, a married couple with kids. But according to the 2010 U.S. Census, such families are less than 50 percent of the total. Non-traditional families, including … [Read more...] about Estate planning critical for non-traditional couples
Trusts
Handling your deceased parents’ Living Trusts
Dear Clients and Friends, As a former IRS attorney I was specially assigned to the Estate and Gift Tax division and in my 4+ decades of private practice thereafter we routinely work with clients on implementing their personal Estate Planning documentation as well as … [Read more...] about Handling your deceased parents’ Living Trusts
Estate Planning and Your Highly Appreciated Residence
The absolute basics on one's estate planning are to have a valid living Trust, a backup Will for that Trust and a Medical Durable Power of Attorney. These documents allow for a predictable handling of one's estate and the avoidance of the expense, delays and public exposure … [Read more...] about Estate Planning and Your Highly Appreciated Residence
The Marital Deduction: A Valuable Estate Planning Tool
The federal estate tax marital deduction is one of the most important estate planning tools available to a married couple. The basic marital deduction rule is that, upon the death of the first spouse, the value of any interest in property passing to the surviving spouse is … [Read more...] about The Marital Deduction: A Valuable Estate Planning Tool
