Tag Archives: Outdated Documents

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

Posted in Uncategorized | Tagged , , , , , | Leave a comment

2018 Estate Tax Update

POWER POINTS > The Tax Cuts and Jobs Act increases the estate and gift tax exemption to $11.2 million per person in 2018. > Estate plans that are outdated or fail to consider the estate tax at the state level … more

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

The Importance of Funding Your Trust

> It is important to revisit your estate plan from time to time to ensure that it accurately reflects your wishes for your family and assets.   > An unfunded Trust fails to take advantage of one of the greatest … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Lamar, Khloe & the Urgency of Estate Planning

> Estate planning documents should be reviewed or prepared immediately upon consideration of divorce or any other significant life event. > Divorce does not affect estate planning documents upon filing, only when the divorce is final. > With proper planning, … more

Posted in Uncategorized | Tagged , , , , | Leave a comment

Spectrum of Withdrawal Limitations

> Trusts allow for withdrawal limitations ranging from common to creative. > Overly-specific requirements may burden the family and trustee and be struck down if they violate public policy. > Understanding and anticipating the practical administration of the estate prior … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Death of Whitney’s Daughter

> Outdated estate planning documents can be as dangerous as not having an estate plan at all. > A proper estate plan should provide significant asset protection and oversight for your beneficiaries. > A change in your family or financial … more

Posted in Uncategorized | Tagged , , , , | Leave a comment