Estate planning can seem overwhelming and confusing. We’re here to educate you on this topic so you can be informed and confident as you work with your attorney to create your estate plan. Today, we’re answering the most commonly asked questions about estate planning...
An Advance Health Care Directive, also known as a living will, is a document that expresses a person’s desires and preferences about medical treatment in the case he or she becomes incapacitated and therefore unable to communicate these instructions. An Advance Health...
Please see the below summary of major changes to transfer taxes in 2013 from the American Taxpayer Relief Act of 2012 (2012 Taxpayer Relief Act): Tax Rate. The maximum estate, gift, and GST tax rate is 40 percent. Estate and Gift Tax Applicable Exclusion Amount. The...
IS YOUR ESTATE PLANNING ADEQUATE NOW THAT THE LAW HAS CHANGED? EVERYONE SHOULD RE-EVALUATE THEIR SITUATION! Congress has changed the estate tax laws pursuant to the Taxpayer Relief Act of 2012, providing newer and simpler options for many estates. The law may affect...
Business and Succession Planning Something that I have learned over the years in working with small business owners and with clients’ estate planning is that very often these areas overlap. One of the most common deficiencies is not having a current buy-sell agreement...
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