Tag Archives: Beneficiary Designations

Karl Lagerfeld’s Cat May Inherit Estate

Renowned fashion designer, Karl Lagerfeld, died on February 19, 2019, at the age of 85.  Lagerfeld was not married and did not have any children, but he is survived by his cat, “Choupette.”  With nearly 300,000 Instagram followers (@choupettesdiary), Choupette … more

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Your Estate Planning Goals

> Estate planning is about much more than just who will receive your assets after death. > Proper estate planning can reduce the cost, time and likelihood of conflict when your assets are to be transferred to your loved ones. … more

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U.S. Supreme Court Rules on Beneficiary Designation Dispute

> Relying on state or federal laws to administer your estate is never advisable. > Beneficiary designations supersede the provisions of a Will or Trust. > By organizing your assets as a part of your estate planning, you can ensure … more

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Estate Planning for the Single Person

> Every legal adult should ensure that his or her wishes are clearly stated in proper estate planning documents.   > Safety nets available to married individuals with children are not as reliable for single individuals.   > Failing to … more

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Expensive Gaps in Estate Tax Planning

POWER POINTS > In an effective estate plan, both federal and state estate taxes must be considered. > Flexibility is essential to allow the trustee to maximize the available exemptions or defer estate tax liability for as long as possible. … more

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The Empty Trust

POWER POINTS > The end of the year presents a great opportunity to review your estate plan, your newly acquired assets and the funding of your Trust. > An unfunded Trust fails to take advantage of one of the greatest … more

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Painless Estate Planning

Creating a responsible estate plan does not have to be as painful or difficult as many people believe. As a matter of fact, the whole process can be completed within a few weeks. More importantly, once it is complete, you … more

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Decanting a Trust – What it Means and When it Should be Considered

> Is this about wine?  Unfortunately, no. > What does it mean to decant a trust?  Trust decanting is the process of pouring the assets of one irrevocable trust (the “original trust”) into a second irrevocable trust with more desirable … more

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Estate Planning, Marriage and Divorce

When considering marriage or a divorce, your estate planning is likely low on the list of priorities. However, these are significant changes in a family situation that should trigger an immediate review of your existing estate planning documents or preparation … more

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Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

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