How Does an Intentionally Defective Grantor Trust Protect Generational Wealth?
Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?
Which Is the Best to Way to Transfer Wealth, Trusts or Wills?
Take the squabbling between siblings you’ve had to endure and referee as a parent. Now multiply it times age and money. That might give you some idea of the need to make your final wishes clear when the time comes to divvy up your assets.
Special Needs Planning for Beneficiaries with Disabilities
When preparing testamentary documents, such as wills and trusts, protecting beneficiaries with disabilities should be a priority.
Where Is the Best Place to Keep Your Will?
When you fail to plan for your death, your heirs may end up fighting.
Planning for Aging without Family Caregivers
What are elderly persons who are without children or other family to serve as caregivers supposed to do?
Estate Planning for Second Marriages
If you are getting remarried, you obviously want to celebrate. However, it is also important to focus on less exciting matters, like redoing your estate plan.
Should My Children Get an Equal Inheritance?
Children are treated fairly when it comes to inheritance. But “fair” doesn’t always mean “equal,” especially if your family situation or assets are complicated. In some circumstances, giving kids equal inheritances may not be the best option.
Why Do I Need an Estate Planning Attorney?
Among the key benefits of having a will and estate planning lawyer is the peace of mind that comes with knowing your affairs are in order.
Can You Keep a Vacation Home in the Family for Generations?
The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
What Is a ‘Step-Up’ in Basis in Estate Planning?
The “step-up” in basis has to do with the calculation of the capital gains on the sale of property.
