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10 Problems That Could Cost Your Family a Fortune — and Their Solutions Through Proper Estate Planning

Problem #1: Probate. Probate is the Court-supervised process of passing title and ownership of a deceased person’s property to his or her heirs. The process consists of assembling assets, giving
Categories: General

Q: The repeal of the estate tax and the loss of the step up basis.

The Economic Growth and Tax Relief Reconciliation Act of 2001 provides an exclusion of the federal estate tax for estates valued at or less than the applicable exclusion value for the year of death.
Categories: General

The Charitable Remainder Trust-Part 2

In Part-1, I discussed the basics of setting up this type of Trust, and reviewed some of the important features of a CRT. Below are some answers to the most popular questions my clients ask about this
Categories: General

The Charitable Remainder Trust-Part 1

In this column, I will describe the basics of the Charitable Remainder Trust. In part 2, I will follow up with answers to the most asked questions regarding the benefits and regulations of this type
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What is a Family Limited Partnership?

What is a Family Limited Partnership? The Family Limited Partnership (FLP) is a limited partnership created to transfer ownership of assets to family members with a minimum of tax consequences.  The
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All I want for Christmas is my Trust Fund Money!!

All I want for Christmas is my Trust Fund Money!! I wonder how many letters Santa gets with that request.  I would guess that most of those letters would be written by older children, and as humorous
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The Durable Power of Attorney and its effect on your financial matters.

The Durable Power of Attorney and its effect on your financial matters. A power of Attorney (POA) is a document that, when executed properly, creates a relationship similar to that of an agency, in
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“Asset Protection”- Are they dirty words?

Q: “Asset Protection”- Are they dirty words? A:  Rarely in the world of Trusts & Estates do you hear the words “Asset Protection” from long standing & established estate planners and
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