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Mar
Trust Titling (funding) and Non-Qualified Annuities
Revocable Living Trusts (referred to also just as Living Trusts) are a common foundational estate plan technique. Not only can Revocable Living Trusts replace a Will (become a “Will substitute”) in distributing property after a person dies, but these trusts also provide planning...
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06
Mar
Your Car and Your Estate Plan Need Tune-Ups
Like your car, it is always a good idea to periodically review your estate plan to make sure it is functioning optimally. After arranging your accounts and property with an attorney, it is easy to assume that you have checked estate planning off of your list forever. The reality...
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06
Mar
Did You Know the State Has Already Given You an Estate Plan?
There are many misconceptions about what would happen with your assets if you died without a will. Some married couples think their spouse would get all their assets. Some think their spouse would only get something called an “elective share”, which is an amount that changes dep...
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06
Mar
Did You Know That the State Wrote a Prenuptial Agreement for You Before You Got Married?
With a well-drafted marital agreement, more assets might be protected from being spent down on nursing home care for the surviving spouse. Also, concerns about children from a previous marriage being disinherited, or other family inheritance concerns might be addressed. Both par...
View MoreCategories: Estate Planning Trusts
06
Mar
May You Live In Interesting Times
2020 Year-End NewsletterBrad HenryYou might be aware that the above adage is thought to be a Chinese curse referring to times full of instability and uncertainty, and not as a type of blessing. Regardless of its origin, and regardless of whether it is a curse or a blessing, we...
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06
Mar
Preparing for Falling Federal Estate Tax Exemptions
At the end of the year, please watch this space for our 2021 outlook letter, which will report on adjustments and changes in federal estate tax exemptions, among other estate and tax planning strategies. However, as a lead up to that, we would be remiss in not addressing and prep...
View MoreCategories: Estate Planning Trust Administration Trusts
06
Mar
A Coda to the Trilogy: The Role of the Living Will
In the last two posts, we looked at the Durable Power of Attorney and the Health Care Power of Attorney. In this last of the trilogy, we will look at the Living Will. Together, these three documents are often referred to as the client’s “ancillary documents,” in the sense that th...
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06
Mar
Future-Proofing: The Role of Health Care Power of Attorney
In our last post, we looked at the Durable Power of Attorney. We looked at its purpose, when it is effective and when it stops being effective. As we noted, the Durable Power of Attorney is a document where the client appoints someone else to help the client with his or her asse...
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06
Mar
Planning for the Unexpected: The Role of the Power of Attorney
We hear it quite often. “After I die, my power of attorney can keep paying my bills, right? ” The answer is, “No”, but the confusion is understandable. Our clients hear (or, read about) so many different roles when they visit us or attend our seminars. What is a fiduciary, a trust...
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06
Mar
Opportunity Zones: Are They the Right Opportunity for You?
What are Opportunity Zones? Opportunity Zones have attracted a lot of publicity since they were created in 2017. The Tax Cuts and Jobs Act created tax incentives designed to encourage investors with capital gains to reinvest those gains into low-income and undercapitalized commun...
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