Where you die matters. While you’ll pay the same federal estate tax no matter where you die, 1/3 of the states have a separate estate or inheritance tax. The most populous state, California, is the latest state to consider adding a state estate tax. Read on to learn more. [Read More]
Are You Getting All the Benefits You Deserve as a Veteran?
The men and women who served the country in the United States Armed Forces, as well as their surviving dependents, are owed a debt of gratitude that can never truly be repaid. Although there is no way to truly repay veterans and their dependents for the sacrifices they have made, the government does try to … [Read More]
New Estate Tax Proposal
A new estate tax proposal would lower the amount passing free from tax to $3.5 million and increase the rates of taxation. It would also eliminate some tried and true strategies for reducing estate taxation. Read on to learn more about this proposal and its prospects. [Read More]
ABLE Accounts
An ABLE account is a great strategy for someone who became disabled by age 26. An ABLE account may be income tax-free. It has other unique benefits for a disabled person. Read on to learn more about the ABLE account and how it can help. [Read More]
What Are 529 Plans and What Are Their Advantages?
What are 529 plans? Can they be held in trusts? Read on to learn more about these plans and why to consider them. [Read More]
What are UGMA and UTMA Accounts?
What are UTMA and UGMA accounts? Are there better alternatives? Read on to learn more about these accounts, their drawbacks, and better alternatives. [Read More]
Why Should I Create an Advance Directive?
Why Do I Need an Advance Directive? In the United States, we all take for granted the ability to make our own healthcare decisions. What happens though, if you are in a position where you are unable to make your own healthcare decisions because of your own incapacity? If that were to occur, there is … [Read More]
Can I Be the Trustee of My Own Revocable Trust?
As your estate plan grows and expands, you will incorporate a variety of estate planning tools and strategies into that plan. One of the most common of those is a trust. If you do decide to add a trust to your estate plan, you will need to appoint a Trustee for that trust. Can you … [Read More]
Estate Planning Advice for LGBTQ Couples
Every adult should have at least a basic estate plan in place. For members of the LGBTQ community, both the need for comprehensive estate planning, and the benefits derived from that plan, are increased. Understanding why estate planning is so important for LGBTQ couples may help encourage you to get started on your plan or … [Read More]
Do You Need to Go Through Probate If There Is a Will?
If someone close to you recently passed away, you are undoubtedly going through the grieving process that follows a loss. The last thing you may want to focus on is the need to administer the decedent’s estate. If it appears that you are the logical person to do so, however, you will need to devote … [Read More]
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