In this day and age, the traditional family unit is no longer tradition. With divorce on the rise, there is solace in second marriages and the opportunity to grow a family. In many cases, the result is a blended family. Blended families are those consisting of a married couple and their children, if any, from […]
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With the 2019 new year brings a new federal estate and gift tax exemption of $11,400,000. As you may be aware, recent tax reform legislation impacts not only your federal income tax but also other taxes potentially affecting your estate plan, such as estate, gift, and generation-skipping transfer taxes. With the tax reform in effect […]
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While preparing an estate plan there are many major topics to address and cover, including the disposition of your tangible personal property. You may be asking just what exactly is tangible personal property? It is property which can be felt or touched and moved. Examples include household goods, furniture, furnishings, personal automobiles, boats, jewelry, artwork, […]
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We all do. An estate plan is a set of legal documents which directs the disposition of your assets upon your death. The key function of a properly designed estate plan is to set forth what you want to happen to your assets after your death. About half the people living in the United States […]
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Technology has taken over our lives. It is an inescapable fact that we now rely on computer technology for just about everything, such as communicating with friends, sending mail, listening and buying music, taking and storing pictures, shopping, banking, and investing. Without knowing it, all of us have likely amassed a wealth of digital assets […]
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It comes as no surprise that many people do not understand the basic roles and duties involved in a standard estate plan, as many people have never served in roles such as a “settlor” or “trustee” before meeting with an estate planning attorney. Without an understanding of the basic elements of an estate plan, many […]
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