Monthly Archives: December 2023
Gift Property Or Leave It In Your Estate Plan? There Could Be Tax Consequences
Let’s say that you are leaving a good amount of property to your beneficiaries. You are concerned about the tax implications of leaving so much property to your family or heirs. So, you decide, why don’t you just gift the property to them now, and avoid those pesky estate taxes? Problems in Gifting The… Read More »
Include Safety Deposit Boxes In Your Estate Plan
Although we do live in a digital age, and it seems like everything we own is online, there are still physical objects and possessions, and those objects are sometimes stored in safe deposit boxes in banks and other similar institutions. The items in these boxes may have significant value, or they may only have… Read More »
Your Child Is Becoming An Adult: Are You Prepared?
When you have a child, for you as a parent to take care of the child, and make decisions for the child, there is really nothing that you need to do, legally, to make that happen. You are the legal parent and guardian of your child, and if anything were to happen to your… Read More »
A Primer On Different Kinds Of Trusts
When reading about estate planning, you probably hear a lot about different kinds of trusts. The names of trusts fly fast and furious, but rarely does anybody stop and just give you a basic primer on what these kinds of trusts do, and what they actually mean. Here’s a short list with short explanations… Read More »