Estate Planning Archives

Should You have a GRAT?

It took a lot of hard work and dedication to acquire your wealth. You want to transfer as much of it as you can to your beneficiaries. As a result, having a large estate means you’ll have to pay quite a bit in gift and estate taxes.

Posted on: April 26, 2022

What Happens to a Pet when Owner Dies?

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.

Posted on: April 25, 2022

Can Playing Golf Lower Risk of Dementia?

Japanese study found older male golfers were 37% less likely to get dementia.

Posted on: April 22, 2022

What Shouldn’t Be Put in a Will?

While the number of older Americans with wills has been dropping in recent years, that doesn’t mean you should forego this legal document.

Posted on: April 21, 2022

What Is the Gift Tax for 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.

Posted on: April 20, 2022

Do Most People Need a Living Trust?

If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust.

Posted on: April 19, 2022

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

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.

Posted on: April 18, 2022

Is Estate Planning Affected by Property in Two States?

When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.

Posted on: April 15, 2022

What are the Current Gift Tax Limits?

In 2017, Congress doubled the exemption starting in 2018, and the amount will continue to rise with inflation through 2025. This expansion helped reduce the number of taxable estates to about 1,300 for returns filed in 2020 from about 5,200 in 2017, according to the latest IRS data.

Posted on: April 14, 2022

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