Articles list
Why Clients Need to Think About Incapacity Planning
Death is the elephant in the room when talking about estate planning with clients. To avoid causing undue distress, we often skirt the issue, referring to…
5 Easy Tips to Simplify Your Charitable Giving
Will you be donating to charities this year? The Internal Revenue Service (IRS) reminds us that you must itemize deductions on Schedule A of your tax return to…
Unveiling the Impact of Charitable Giving
We are fast approaching the end of the year, when a lot of us will make a charitable gift. In the news, we had “Giving Tuesday,” and Tech Billionaire Michael…
Avoiding a Trustee’s Personal Liability for Estate Taxes
Trustees often assume they primarily manage and distribute trust assets according to the trust. While that is mainly true, one critical issue can turn a…
Estate Planning for Expatriates
The United States hosts the highest number of immigrants in the world, but increasingly, Americans say they are looking to relocate permanently to another…
Decanting: How to Fix a Trust That Is Not Getting Better with Age
In the previous blog, we wrote about amending trusts. The next two blogs will delve more into the why, when, and how of decanting. Many people do not know that…
Estate Tax Returns - Not as Scary as They Sound
Tax issues are one of the many front-and-center issues when an individual dies. For most individuals who pass away, a final income tax return must be filed…
Hiring a Professional to Be Your Trustee
I am often asked during the estate planning process by clients, whom do we name as trustee? Choosing a trustee to manage your estate is one of the most…
Estate Planning for International Families
The importance of proper tax and estate planning is magnified for “international families” who hold assets and citizenship both in the United States and…
Are Payments of a Loved One's Health Insurance Premiums or School Tuition Subject to Federal Gift or Generation-Skipping Transfer Taxes?
During the holiday season, we receive an influx of questions from clients regarding gifting. Estate planning is an excellent tool for giving to our loved ones…
