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Blog Posts in 2017

All Posts
  • Tax Cuts and Jobs Act of 2017 - and its effect on Estate Planning
    Tax Cuts and Jobs Act of 2017 - and its effect on Estate Planning

    Estate Tax Exemptions and Estate Tax. Despite much discussion, the Estate Tax is not repealed. However, the Act increased the Exclusion amount for Estate Tax, Gift Tax and Generation-Skipping Tax from ...

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  • Why a Trust Should Always Be Created Before Incapacity
    Why a Trust Should Always Be Created Before Incapacity

    There is no DO-OVER after Incapacity or Death What happens after the creators of a Trust (a.k.a. the Settlors) approach a point in time when their doctor detects signs of dementia? How long is it ...

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  • The Importance of a Letter of Instruction to the Trustee
    The Importance of a Letter of Instruction to the Trustee

    Your (Testamentary) Word is As Good As the Paper It’s Written On A great rule of thumb in estate planning is to document your wishes, so they actually occur when you are gone. While the law definitely ...

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  • Estate Planning Ensures Beneficiaries Know What to Expect
    Estate Planning Ensures Beneficiaries Know What to Expect

    “That’s Not What He Really Wanted” – a Beneficiary’s Famous First Words Estate administration can be so traumatic. Here is a typical scenario: Parent sets up a trust, then lets it sit in a drawer for ...

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  • Should Wealth Planning and Estate Planning Be Taught in School?
    Should Wealth Planning and Estate Planning Be Taught in School?

    One can argue about the practical application in the life of learning about meiosis and mitosis, compared to “Wealth Management and Estate Planning 101.” While the former is needed as a means of ...

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  • What's More Expensive Than an Estate Plan? Regret.
    What's More Expensive Than an Estate Plan? Regret.

    Estate Planning is one of these tasks that often fall under “discretionary spending,” and because it has the stigma of having to contemplate your own death, it often drops to the bottom of the to-do ...

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