Tax Planning
· Why should I do estate planning—don’t I have a duty to pay tax to my country? Consider a concept called the “hand of taxation.” Count the fingers on one…
Unlimited Marital Deduction
· How much property can I leave to my spouse without my estate having to pay federal estate tax? The federal estate tax law permits leaving an unlimited amount to…
Joint Revocable Living Trust
· What is a joint revocable living trust? A joint revocable living trust is a single trust created by a married couple that addresses each spouse’s wishes as to his…
Alternate Methods of Estate Planning
· Why can’t I just give my property away while I’m living? There are several reasons. First, by giving your property away, you give up control of your property. Regardless…
The Revocable Living Trust
What Is a Revocable Living Trust? “The revocable living trust is established by a written agreement or declaration that appoints a trustee to manage and administer the property of the…
Beneficiary Designation
· What is beneficiary-designation property? While you may have title to certain assets in your individual name, the very nature of an asset may dictate to whom it will be…
Living Wills
· What is a living will? A living will, or advanced medical directive, is a legal document which directs your physician to discontinue life-sustaining procedures if you are in a…