How to Edit Your Estate Plan

A person’s estate plan must account for the fact that his or her life is constantly changing. Major life changes, such as marriages and divorces, typically have an impact on the way that a person would like his or her assets to be distributed upon his or her death. Moreover, between the time a person… Read More »

Doubling Your Estate Tax Exemption

Now that the portability provision of the new federal estate-tax law has been implemented, married couples can potentially double their estate tax exemption. A recent article discusses how to do just that. Portability is a provision that allows one spouse to transfer his or her unused estate tax exemption to his or her surviving spouse…. Read More »

Estate Planning: What Not to Do

For all individuals, estate planning is a must. Careful planning allows a person to direct the distribution of his or her assets to any individual or entity in accordance with his or her wishes. Even when your estate is simple, there are several mistakes that may plague your planning. A recent article discusses what not… Read More »

Egg Freezing and Financial Planning

More and more, women are postponing having children to focus on their careers. In order to facilitate this postponement, many choose to harvest and freeze their eggs. By 2013, more than 2,000 babies were been born from harvested and frozen eggs. A recent article discusses some estate planning implications for those who plan to harvest… Read More »

Everyone Needs an Incapacity Plan

Globally, the single largest cause of disability is dementia. The second largest cause, stroke, can also have a devastating impact on a person’s judgment and decision-making capabilities. Therefore, as a recent article discusses, it is imperative for everyone to include an incapacity plan as part of his or her estate plan. When it comes to… Read More »

Considering Cory Monteith’s Estate

After the untimely death of Glee star Cory Monteith, speculation has grown concerning the status of his estate. As a recent article explains, even young and healthy actors often have some sort of estate plan in place. Typical young and healthy Americans do not consider estate planning because they believe that it can be put… Read More »

Tax-Oriented Estate Planning

Transfer tax laws have historically been unpredictable. This can leave a lot of people confused when it comes to tax-oriented estate planning. A recent article discusses several important aspects of the current state of tax-oriented estate planning. Tax-oriented estate planning often begins with use of the estate tax marital deduction. Through this deduction, all of… Read More »

Review Your Life Insurance Amounts

Life insurance is a key element of most people’s financial plans. Unfortunately, many Americans have not taken the time to take out a life insurance policy. Perhaps more alarming, most Americans who do have insurance policies do not have a large enough policy to sustain their family. A recent article discusses issues concerned with life… Read More »

Adult Adoption as an Estate Planning Tool

When asked to consider estate planning tools, most people will name common estate planning tools such as wills and trusts. A recent article discusses one of the lesser-utilized estate planning tools, adult adoption. Most commonly, same sex couples use adult adoption in order to secure inheritance for one another. This strategy is not necessary in… Read More »