Blog Category - Estate Planning Page 2

Name: Strauss Attorneys PLLC
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Jun

Mission Accomplished: Estate Planning Essentials for Veterans

Each year around Veterans Day, we pause to honor those who have served our country. Yet, what's often overlooked are the unique challenges Veterans face once their service ends, particularly the transition from the structure and support of military life to the independence ...

Jun

When Is an Estate Subject to State Death Taxes?

In addition to the federal estate tax, many states impose their own taxes at death. Understanding these state-level estate and inheritance taxes, often collectively called “death taxes,” is essential for creating a comprehensive estate plan that protects your legacy a...

Jun

Estate Plans Age Too: How to Keep Yours Fresh and Effective

Your estate plan is one of the most important sets of legal tools you will ever create. It's designed to protect you, your loved ones, and everything you’ve worked hard to build. A well-crafted plan can minimize taxes and fees, keep your personal matters private, and ...

Jun

The True Cost of Inheriting a Home

The United States is in the midst of the largest generational wealth transfer in history. Over the next few decades, baby boomers are expected to pass down an estimated $84 trillion in wealth1, $18 to $19 trillion of it tied to residential real estate2. For many younger Americans...

Jun

How a Directed Trust Can Transform Estate Planning

The idea of one-size-fits-all no longer fits a world where people expect products and services to be tailored to their individual preferences. Customization and flexibility are expected in nearly every aspect of life, and estate planning is no exception. Traditional trusts have l...

Jun

Foster Children and Estate Planning: Protecting the Ones You Call Family

A foster child may come into your life through the court system, an agency, or your own extended family. However it begins, the relationship can evolve into a deeply personal bond, making the child feel like a true member of your family. Unfortunately, the law does not always see...

Jun

Whom Should You Tell About Your Estate Plan?

Creating an estate plan is often a deeply personal process. After all, how you choose to protect and pass on your money and property is your private business. While your spouse or partner may know the details (especially if you planned together), should anyone else know what&rsqu...

Jun

If I Leave Someone My Home, What Do They Really Get?

For many people, their home is their most valuable asset as well as the heart of their family life-a place filled with stories, memories, and meaning. Yet when it comes to estate planning, the law views your home not as a sentimental space, but as a collection of separate p...

Jun

Ancillary Probate: What It Is, When It Happens, and How to Avoid It

Many people own property in more than one state. This might include a vacation home near the coast, a rental property in a former home state, or land inherited from family members. While owning out-of-state property can be beneficial during your lifetime, it can create additional...

Jun

How to Own Your Real Estate: Estate Planning Options for Homes, Vacation Property, and Rentals

Real estate is often one of the most valuable assets in an estate. It may include your primary residence, vacation homes, rental properties, or even undeveloped land. Because each type of property serves a different purpose, the best way to hold title can vary depending on your g...

Jun

The Hidden Gender Gap in Estate Planning—and How to Close It

You have likely heard of the gender pay gap. But there is another, less-discussed disparity that also affects long-term financial security: the estate planning gender gap. Although the two are related in some ways-earning less over a lifetime can limit investment opportunit...

Jun

Why Retirement Is the Right Time to Revisit Your Estate Plan

Retirement means different things to different people. For some, it marks the beginning of travel, creative pursuits, and long-delayed adventures. For others, it offers the freedom to slow down and enjoy quiet routines without the pressure of a daily work schedule. Most retirees ...

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