The Practicality of Estate Planning

You work hard to provide for your family, pay for your child’s college tuition, and ensure your family lives a good life. Wouldn’t you want to make sure that still happens when you’re no longer there? A well-thought-out estate plan can help accomplish that goal. Estate planning seems like a huge undertaking, but it’s quite […]

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What Type of Living Trust Should I Have?

Which is the right Trust for you and your family? One of the key goals of estate and Trust planning is to avoid federal estate taxes.  Careful estate planning can eliminate a significant estate tax burden for surviving spouses and their beneficiaries. Any of the Trusts below can be useful tools in preserving an estate’s […]

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Living Trusts Created Prior to 2011. Is My A/B Trust Obsolete?

Is My A/B Trust Obsolete? A revocable living trust is a valuable tool to protect and preserve your assets both for you, your children and future generations.  A living trust can help you avoid the unnecessary costs and delays associated with Probate and can help you minimize or avoid estate and inheritance taxes. Like any […]

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Top 5 Mistakes When Naming Beneficiaries of Insurance Policies

Protecting Your Goals and Your Loved Ones Naming beneficiaries of an insurance policy seems likes an easy thing to do. If a person is married, the spouse is the beneficiary. The children are often named the contingent beneficiaries. If a person is not married but has children, the children are often named as first beneficiaries. […]

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What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

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What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

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Challenges Facing Aging Family Members

As our senior population grows older they face unique and complex challenges. Fear of losing control and doubt concerning the ability to pay for assistance with common daily needs can result in dangerous isolation for our seniors. It can also leave family members scrambling to provide help without any clear idea of the type of […]

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Should You Distribute Your Estate Equally Among Children in Unequal Circumstances?

Sample Case Study: Client in their mid 80’s with an estate of approximately $9,000,000. Children are three daughters in their early 60’s. Two of the three daughters have received substantial help (+/- $500,000 from the parents over the past 30 years). The third daughter has received little or no help as she has been financially […]

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Advanced Estate Planning Information For Caregivers And Surviving Spouses

Do You Have a List of All the Things You Own and Owe? Only you and your spouse typically know where information about all your banking, bills, accounts, doctors, debts, etc. is located. By listing the details of your life, such as property, personal information and finances on one document, you can greatly assist those […]

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