Articles, Estate Planning
Determining the Estate Tax The next step is to understand some estate tax basics. First you need to get an idea of what your estate is worth and whether you need to worry about estate taxes, both under today’s rates and as exemptions increase under EGTRRA....
Articles, Estate Planning
Estate Settlement You also should be aware of the other procedures involved in estate settlement. Here is a quick review of some of them. Your attorney, as well as the organizations mentioned, can provide more details. Transferring Property When thinking about...
Articles, Estate Planning
Selecting an Executor or Trustee Whether you choose a will or a living trust, you also need to select someone to administer the disposition of your estate—an executor or personal representative and, if you have a living trust, a trustee. An individual, such as a...
Articles, Estate Planning
A Living Will Occasionally in the news we will hear about someone well known who, when seriously ill or injured refused “heroic measures” and received only palliative (comfort-easing) care at their home, hospital or other health care facility. Perhaps we...
Articles, Estate Planning
Gifting Strategies for Estate Planning The federal government imposes a substantial tax on gifts of money or property above certain levels. Without such a tax someone with a sizable estate could give away a large portion of their property before death and escape death...
Articles, Estate Planning
Use of Living Trusts One of the most popular estate planning instruments today is the revocable living trust. Trusts are used to maintain control and disposition of assets after death, and some can be used to minimize the estate tax impact of property transfers. The...
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