Category Archives: Estate Planning

What Type of Will Do You Have? Review of a Simple Will

What Type of Will Do You Have? Review of a Simple Will

As part of my day job I review a lot, and I mean a lot of Wills.  Most Last Wills and Testaments are structured the same way; all assets are left to the surviving spouse and upon the second death to the children, outright.  This type of structure is usually referred to as a Simple

Gift Laws and Taxes Made Simple

Gift Laws and Taxes Made Simple

Most people just assume they can give away whatever they want in any situation; that is just not true. Ignoring gifting laws and taxes can cost you and your family a lot of money!  When gifting large sums of money there are federal tax implications one should keep in mind. Gift Tax Introduction What is a