Estate Planning Blog

Can I Protect My Inheritance from Divorce?

May 13, 2022

Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.

Estate Planning

Family Communication: An Essential Component of Estate Planning

May 11, 2022

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.

Estate Planning

Pet Trusts: Ensuring your Pets' Future

May 9, 2022

While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves.

Estate Planning

Is Succession Planning Necessary for Family Business Entities?

May 6, 2022

While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.

Estate Planning

Can a Vacation Home Be Kept in the Family for Generations?

May 4, 2022

These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.

Estate Planning

Does an Elder Orphan Need an Estate Plan?

May 2, 2022

This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.

Estate Planning

When Can Estate Assets Be Distributed?

April 29, 2022

Many estate executors focus on estate taxes and forget about income taxes. That can be an expensive mistake.

Estate Planning

What Is the Gift Tax for 2022?

April 27, 2022

Two years into the pandemic, countless lives have been impacted by COVID 19. Faced with daily reminders of the consequences of this illness, estate planning seems to be on the minds of many.