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…
DetailsThe Fundamentals of Estate Planning
· What is an estate? There is a common misconception that “estates” are exclusive to multimillionaires. Most people do not realize what actually makes up an estate and only have…
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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…
DetailsAlternate 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…
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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…
DetailsBeneficiary 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…
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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…
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Creating a Revocable Living Trust
These are some general considerations for creating a revocable living trust · Should we discuss our estate plan with our children? This is a very delicate decision that will depend on…
DetailsThe Need For Proper Estate Planning
· What happens if I do no estate planning? All of us have planned our estates, whether we know it or not. If you do not have a will or…
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