Estate Planning

An intentionally defective grantor trust allows wealthy families to transfer assets from one generation to the next while achieving significant tax savings. IDGTs are especially if assets significantly appreciate. ...

In most states, spouses can purchase and own property separately. However, in community property states, if one spouse purchases property, it belongs to both spouses for estate and tax planning purposes.

If your spouse has passed away, you are likely coping not only with trauma and grief, but also a lengthy list of difficult decisions. You may even find yourself having to decide whether (or when) to sell the home you...

Running a small business can keep you busy, but it should not keep you from creating an estate plan. Not having a plan in place can cause problems for your business and your family after you are gone.  ...

Sports fans with season tickets may want their families to enjoy the tickets after they are gone, but passing on these tickets is not always simple.  ...

Being the executor of an estate can be a time-consuming job, depending on the size and complexity of the estate. While a simple estate can take a few months and not require a huge time commitment, if there are problems,...

A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax free to the next generation. Contributions to the account are already taxed so distributions are not.

Naming a trust as a beneficiary of your retirement plan can be a good idea in some circumstances, but it can be dangerous if you are worried about creditors coming after your estate. ...

The estate and gift tax exemption is set to be cut in half in 2026. Proper planning may be necessary to make sure you are taking full advantage of the current exemption and aren’t negatively affected when it decreases. ...