Tag Archives: Outdated Documents

The Costs of Procrastinating on Your Estate Planning

1. Estate planning encompasses more than just taxes and asset distribution. 2. Failing to make your wishes known through legal documents increases the likelihood of unnecessary family conflict, costs and delays. 3. Having a proper estate plan ensures efficient estate … more

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“Queen of Soul” Left Behind a Holographic Mess

World-renowned singer Aretha Franklin died on August 16, 2018, at the age of 76 in Detroit, Michigan.  Franklin’s two marriages had ended in divorce and she had four children, the first when she was only twelve years old.  She reportedly … more

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John Singleton Survived by Outdated Will

John Singleton, writer and director of the seminal 1991 film, Boyz n the Hood, died on April 29th at the young age of 51.  Singleton, who had reportedly been diagnosed with hypertension, suffered a stroke on April 17th and was … 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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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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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 Estate plans that are outdated or fail to consider the estate tax at the state level … more

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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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