Feb 6, 2024

What Happens to Real Estate With a Mortgage When I Die?

By |February 6th, 2024|Estate Planning|Comments Off on What Happens to Real Estate With a Mortgage When I Die?

What Happens to Real Estate With a Mortgage When I Die? Estate Planning for Your Home: Mortgages & Inheritance Explained Your mortgage, like the rest of your debt, does not simply disappear when you die. Suppose you leave your home that has an outstanding loan to a beneficiary in your will or trust. In that [...]

Feb 6, 2024

What Is the Difference Between a Probate & Trust Administration Attorney & an Estate Planning Attorney?

By |February 6th, 2024|Estate Planning|Comments Off on What Is the Difference Between a Probate & Trust Administration Attorney & an Estate Planning Attorney?

What Is the Difference Between a Probate & Trust Administration Attorney & an Estate Planning Attorney? Differentiating Estate Planning, Probate, & Trust Administration Legal Services Estate planning attorneys and probate and trust administration attorneys play crucial but distinct roles in the legal processes involving legacy planning, asset distribution, and wealth preservation.  Estate planning attorneys focus [...]

Jan 4, 2024

Testamentary Trusts: The Best of Both Worlds?

By |January 4th, 2024|Estate Planning|Comments Off on Testamentary Trusts: The Best of Both Worlds?

Testamentary Trusts: The Best of Both Worlds? The Role of Testamentary Trusts in Estate Planning Strategies You have several different options when it comes to creating the right estate plan for you and your family. Contemporary estate planning attorneys generally recommend a revocable living trust as the ideal tool for most families.  Some others [...]

Dec 27, 2023

The Real Story Behind Trust Fund Kids

By |December 27th, 2023|Newsletter|Comments Off on The Real Story Behind Trust Fund Kids

The Real Story Behind Trust Fund Kids When we hear the phrase “trust fund kid,” words like “entitled,” “privileged,” and “financially irresponsible” might come to mind. But another word we should associate with “trust fund kid” is “protected.” What Is a Trust Fund Kid? According to a Forbes article published in 2021 about trust [...]

Dec 27, 2023

Your Clients’ Legacies: How Do They Want to Be Remembered?

By |December 27th, 2023|Newsletter|Comments Off on Your Clients’ Legacies: How Do They Want to Be Remembered?

Your Clients’ Legacies: How Do They Want to Be Remembered?  As trusted advisors, we often discuss with our clients all aspects of the future, whether it be their financial future, the future support of their loved ones, or what the future will look like when they are no longer a part of it.  As [...]

Dec 5, 2023

How Much Authority Does a Trustee Have Over the Stuff in My Trust?

By |December 5th, 2023|Estate Planning|Comments Off on How Much Authority Does a Trustee Have Over the Stuff in My Trust?

How Much Authority Does a Trustee Have Over the Stuff in My Trust? Exploring the Trustee’s Powers in Asset Liquidity & Management A trustee is a person or entity responsible for managing and administering your trust according to your instructions and by state law. They are considered fiduciary (meaning they are held to a [...]

Dec 5, 2023

Should You Share Your Estate Planning Details With Loved Ones?

By |December 5th, 2023|Estate Planning|Comments Off on Should You Share Your Estate Planning Details With Loved Ones?

Should You Share Your Estate Planning Details With Loved Ones? To Share or Not to Share: The Implications of Discussing Estate Plans with Family When you decide to create a comprehensive estate plan, there are many things to consider. One is whether to tell your loved ones about your plan and how much information [...]

Nov 7, 2023

The Life & Legacy Of Jimmy Buffett

By |November 7th, 2023|Estate Planning|Comments Off on The Life & Legacy Of Jimmy Buffett

The Life & Legacy Of Jimmy Buffett The Legacy Of Jimmy Buffett: Estate Planning, Philanthropy & Business Continuity Jimmy Buffett died on September 1, 2023, at age 76 after a diagnosis of Merkel cell carcinoma (skin cancer) four years earlier. He was a renowned singer-songwriter, film producer, businessman, novelist, and philanthropist. Buffett released his [...]

Nov 7, 2023

Estate Plan Lessons From DeMuth v. Commissioner

By |November 7th, 2023|Estate Planning|Comments Off on Estate Plan Lessons From DeMuth v. Commissioner

Estate Plan Lessons From DeMuth v. Commissioner The Costly Mistake In DeMuth v. Commissioner & Estate Planning Lessons Learned Lifetime gifts are a popular way to reduce estate and inheritance taxes. Currently, only estates worth $12.92 million or more are subject to the federal estate tax. Twelve states and the District of Columbia levy [...]

Nov 7, 2023

How the Corporate Transparency Act May Impact your Business or Estate Plan

By |November 7th, 2023|Estate Planning|Comments Off on How the Corporate Transparency Act May Impact your Business or Estate Plan

How the Corporate Transparency Act May Impact your Business or Estate Plan CTA Compliance Requirements & Exemptions For LLCs & Family Limited Partnerships Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding [...]

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