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Your Estate Plan a Disaster?

We’re all looking to save taxes, court costs, legal fees and ‘make it simple’ for our heirs. A last will and testament is the cornerstone of all estate planning, maybe with a trust.
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Is Power of Attorney Important?

Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.
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How GRATs Transfer Wealth Across Generations

Grantor-retained annuity trusts, or ‘Grats,’ are a wealth-transfer technique that shift investment growth out of an estate to heirs tax-free.
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Is Spouse Automatically Your Beneficiary?

If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
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What Is the Purpose of a Guardian?

Few will argue that the most important time to have a will is when you are parents of young children.
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IRS's New Lifetime & Gift Tax Exemptions

The Internal Revenue Service Today announced new inflation-adjusted limits for 2023 that will allow well-off individuals to transfer much more to their heirs tax free during life—or at death.
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Major Blunders in Estate Planning

It goes without saying that everyone should have an estate plan.
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Who Should I Name as Co-Trustee?

Unlike a last will and testament, a revocable living trust is effective during your lifetime.
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Problems When Inheritances are Unequal

Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.
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Keeping Beneficiary Designations Up to Date.

Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity?
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