Tag: estate planning


A prenup or a DAPT: Which is the better choice?

If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets in the event of a divorce. A prenuptial agreement can be an effective tool for overriding marital property rights and … Read More »

December 14th

Estate Planning Briefs. Comments Off on A prenup or a DAPT: Which is the better choice?


How incomplete nongrantor trusts can help avoid state income taxes

With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers — particularly those who live in high-income-tax states — may … Read More »

December 6th

Estate Planning Briefs. Comments Off on How incomplete nongrantor trusts can help avoid state income taxes


Consider an intrafamily loan to cover estate taxes

Sometimes estates that are large enough for estate taxes to be a concern are asset rich but cash poor, without the liquidity needed to pay those taxes. An intrafamily loan is one option. While a life insurance policy can be … Read More »

November 29th

Estate Planning Briefs. Comments Off on Consider an intrafamily loan to cover estate taxes


Unleash the power of a nonspringing power of attorney

Estate planning typically focuses on what happens to your children and your assets when you die. But it’s equally important to have a plan for making critical financial and medical decisions if you’re unable to make those decisions yourself. A … Read More »

November 26th

Estate Planning Briefs. Comments Off on Unleash the power of a nonspringing power of attorney


Should you name a trust as IRA beneficiary?

An IRA is a popular vehicle to save for retirement, and it can also be a powerful estate planning tool. Some people designate a trust as beneficiary of their IRAs, but is that a good idea? The answer: possibly.

IRA benefits

The … Read More »

November 15th

Estate Planning Briefs. Comments Off on Should you name a trust as IRA beneficiary?


Intellectual property requires careful estate planning

If your estate includes forms of intellectual property (IP), such as patents and copyrights, it’s important to know how to address them in your estate plan. Although these intangible assets can have great value, in many ways they’re treated differently … Read More »

November 1st

Estate Planning Briefs. Comments Off on Intellectual property requires careful estate planning


Take caution when including employees in your estate plan

If you’re the owner of a small business, you may think of your tight-knit group of employees as a family. If you wish to include them as beneficiaries in your estate plan, it’s critical to be aware of possible unintended … Read More »

October 25th

Estate Planning Briefs. Comments Off on Take caution when including employees in your estate plan


Tenancy-in-common: A versatile estate planning tool

If you hold significant real estate investments, tenancy-in-common (TIC) ownership can be a powerful, versatile estate planning tool. A TIC interest is an undivided fractional interest in property. The property isn’t split into separate parcels. Rather, each TIC owner has … Read More »

October 18th

Estate Planning Briefs. Comments Off on Tenancy-in-common: A versatile estate planning tool


Consider all the tax consequences before making gifts to loved ones

Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime … Read More »

October 17th

Tax Department, Tax Planning. Comments Off on Consider all the tax consequences before making gifts to loved ones


Turn down an inheritance using a qualified disclaimer

If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse the bequest. The assets will then bypass your estate and go directly to the next beneficiary in line. It’s as … Read More »

October 11th

Estate Planning Briefs. Comments Off on Turn down an inheritance using a qualified disclaimer

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