Category Archives: Estate Planning

Don’t Accidently Forgo Your Charitable Intent at Death

Don’t Accidently Forgo Your Charitable Intent at Death

Even those with strong charitable intents (religious or otherwise), actually fail to provide for the charities of their choice at death.  In essence their charitable intent is often ignored, and it is usually by mistake! I was reading a Last Will and Testament of a high net worth client the other day, and came across…Continue Reading

What is Intestacy? Don’t Let the State Determine Where your Assets Go!

What is Intestacy? Don’t Let the State Determine Where your Assets Go!

Regardless of whether you know it or not you have a Will – the Will is called Intestate Distribution and is determined by the State Legislature. When one dies without a Will it is often said he or she died intestate, and their Will enters Intestacy.  I am sure different parts of the country refer…Continue Reading

Determining your Testamentary Intent and Avoiding Common Mistakes

Determining your Testamentary Intent and Avoiding Common Mistakes

I truly believe that everyone needs a will and have provided reason after reason why you need to create a Last Will and Testament ASAP.  These reasons include: Proper Distribution of Assets – Both in terms fo what you want and what is most efficient Guardianship Issues – Who is going to take care of children of…Continue Reading

Forget the Federal Estate Tax, You May Need to Worry About State Estate Taxes!

Forget the Federal Estate Tax, You May Need to Worry About State Estate Taxes!

Almost every single day, I have to explain the Federal Estate Tax. The people I have to explain the federal estate tax to are not tax professionals, they are either financial advisors, other attorneys, or successful business owners. So, needless to say, I better explain estate taxes from 30,000 feet above. The details do not…Continue Reading

How Can a QTIP help your Estate Plan?

How Can a QTIP help your Estate Plan?

You probably came to this post thinking how I was going to tell you how the amazing little cotton swab is going to save your estate plan.  However, that’s more reasonable then thinking that this is a post about how he Rapper named Q-TIP is going to save your Estate Plan (don’t remember him? Anyone…Continue Reading

Where are Estate Taxes Going?

Where are Estate Taxes Going?

The question I hear the most when I am teaching classes are, where do you think the Estate Taxes are going?  I always respond, they aren’t disappearing. Period.   The current administration (along with the last one) is running through money like it was beer at a keg party!  So is it likely that we are going…Continue Reading