Beneficiary Deeds 101

There is a simple and effective way to avoid probate of your residence. A beneficiary deed allows you to retain ownership of your house while designating who should receive the property upon your death. It doesn’t affect your mortgage or title until something happens. It’s a smart tool for you to consider in your estate … Continued

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How to Handle Power of Attorney Issues

Power of attorney abuse: What you can do about it A financial power of attorney — sometimes called a “power of attorney for property” or a “general power of attorney” — can be a valuable estate planning tool. The main disadvantage is that it’s susceptible to abuse by scam artists, dishonest caretakers or greedy relatives. … Continued

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Caring for your Parent? Consider these Estate Planning Options.

5 estate planning tips for the sandwich generation The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. In some cases, this includes providing parents with financial support. As a result, estate planning — which traditionally … Continued

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Factoring your Home in your Estate Plan

A joint home purchase can ease estate tax liability If you’re planning on buying a home that you one day wish to pass on to your adult children, a joint purchase can reduce estate tax liability, provided the children have sufficient funds to finance their portion of the purchase. With the gift and estate tax … Continued

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Using Trusts with Your S Corporation

Only certain trusts can own S corporation stock S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have no more than 100 shareholders, can have no more than one class of stock and are permitted to have only certain types of shareholders. In an estate … Continued

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Questions to Ask When Naming a Trustee

Appointing the right trustee for your living trust provides peace of mind A living trust is a cornerstone of many estate plans. During your life, you can serve as the trustee and manage the assets just as you would if you owned them outright. However, you must choose a trustee to oversee and administer the trust … Continued

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The Write Stuff: Instruction Letters

Using Instruction Letters in Your Plan. When you draft an estate plan, the centerpiece is your will or living trust. Such a document determines who gets what, where, when and how, as well as tying up the loose ends of your estate. A valid will or living trust can be supplemented by other legally binding … Continued

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Planning for Tax Policy Change

Tax law uncertainty requires an estate plan that can roll with the changes Events of the last decade have taught us that taxes are anything but certain. Case in point: Congress is mulling abolishing gift and estate taxes as part of tax reform. So how can people who hope to still have long lifespans ahead of … Continued

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Legacy Planning – Dynasty Trusts

A dynasty trust keeps on giving long into the future With a properly executed estate plan, your wealth can be enjoyed by your children and even their children. But did you know that by using a dynasty trust you can extend the estate tax benefits for several generations, and perhaps indefinitely? A dynasty trust can … Continued

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Intro to Estate Planning Documents

How to Start a Will  Well-crafted, up-to-date estate planning documents ensure your wishes will be carried out. They also can help ease the burdens on your family during a difficult time. The will Do you have questions about wills? Maybe you are unsure what a will does? A will is a document executed in front … Continued

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