Share Your Estate Plan Now to Protect Your Family When You Are Gone
“Estate planning clients, typically those nearing or beyond retirement, often ask what kind of information they should share during their life with the beneficiaries of their estate.”
Still Waiting to Update Your Estate Plan?
“When the ‘Queen of Soul’ Aretha Franklin died last year, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. However, a few months ago, three handwritten wills were found in her home near Detroit. Two were in a locked closet and one was stuffed beneath the cushions of a couch!”
Generous Gifting Is a Fine Idea but Do Beware of the Tax Implications
How much are you allowed to gift? It depends.
Charitable Remainder Trust Needs to Be Handled Carefully
Charitable remainder trusts can be a good tool to avoid a steep tax penalty. However, there are some challenges.
