Category: Estate Planning Briefs


Beware if your estate plan leaves specific assets to specific heirs

Planning your estate around specific assets is risky and, in most cases, should be avoided. If you leave specific assets — such as homes, cars or stock — to specific people, you may inadvertently disinherit them.

Illustrating … Read More »

May 16th

Estate Planning Briefs. Comments Off on Beware if your estate plan leaves specific assets to specific heirs


Make health care decisions while you’re healthy

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to … Read More »

May 9th

Estate Planning Briefs. Comments Off on Make health care decisions while you’re healthy


Does your estate plan include a formula funding clause?

The gift and estate tax exemption is higher than it’s ever been, thanks to the Tax Cuts and Jobs Act (TCJA), which temporarily doubled the exemption to an inflation-adjusted $10 million ($20 million for married couples who design their estate plans properly). … Read More »

May 2nd

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Estate planning for single parents requires special considerations

Here’s a fast fact: The percentage of U.S. children who live with an unmarried parent has jumped from 13% in 1968 to 32% in 2017, according to Pew Research Center’s most recent poll.

While estate planning for … Read More »

April 26th

Estate Planning Briefs. Comments Off on Estate planning for single parents requires special considerations


College financing may be an integral part of your estate plan

The staggering cost of college makes it critical for families to plan carefully for this major expense, and in many cases grandparents want to play a role. As you examine the many financing options for your grandchildren, be … Read More »

April 18th

Estate Planning Briefs. Comments Off on College financing may be an integral part of your estate plan


Add spendthrift language to a trust to safeguard assets

Protecting assets from creditors is a critical aspect of estate planning, but you need to think about more than just your own creditors: You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting … Read More »

April 11th

Estate Planning Briefs. Comments Off on Add spendthrift language to a trust to safeguard assets


If art donations are part of your estate plan, consider these four tips

Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art and are charitably minded, consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to … Read More »

April 4th

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Properly funding your revocable trust is the key to unlocking its benefits

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you become incapacitated) … Read More »

March 28th

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Life insurance can be a powerful estate planning tool for nontaxable estates

For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. Today, the gift and estate tax exemption has climbed to $11.4 million, so estate taxes are no … Read More »

March 21st

Estate Planning Briefs. Comments Off on Life insurance can be a powerful estate planning tool for nontaxable estates


Companion piece: Create a “road map” for your estate plan

No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may not be enough. Consider creating a “road map” — an informal letter or other document that guides your family in … Read More »

March 15th

Estate Planning Briefs. Comments Off on Companion piece: Create a “road map” for your estate plan

HOBERMAN & LESSER, LLP