Articles Categorized as Estate Planning

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Charitable Giving and Year End Strategies

As much as we try to avoid it, taxation is a part of life.  We are faced with sales tax, income tax, estate tax, capital gains tax, gift tax and property tax to name a few.  With the 2018 year coming to a close, some of us are thinking what else can we do to minimize our tax bill, both now and ... continue reading »

The Final Gift Course

I wanted to share with you some information about a workshop called The Final Gift.  The parish nurse at my Church has organized several of these workshops after she attended one in a nearby community.  The Final Gift is intended to be your final gift to your family. Death is a very hard topic ... continue reading »

Legal Documents To Take When You Travel

As the temperatures begin to drop and the leaves start to change, the following question starts to come up more and more during my estate planning meetings:  What legal documents should I take with me when I am traveling? Not only do our snowbirds need to think about taking legal documents with ... continue reading »

Do-It Yourself Estate Plan Documents

It probably goes without saying, but the terms and language used in your estate planning documents are so important.  Whether you realize it or not, when you meet with your attorney, they are not only working to understand your wishes and your family dynamics, but at the same time running throug... continue reading »

Divorce and Your Estate Plan

As we look at the ever changing family paradigm, we see a trend over the years of increasing divorce rates with the various generations.  The so called “gray divorce” is on the rise. Statistics show the divorce rate for adults age 50 and older (Baby Boomers 1946-1964) has roughly doubled sin... continue reading »

Planning for Disabled Children in 2018

“Disability” by general definition, means a physical or mental condition that limits a person’s movements, senses, or activities.  As you know, there is a sliding scale that represents the level of someone’s “disability.” I’d like to focus today on families that have a minor child ... continue reading »

Young Adulthood

As my daughter prepares to graduate from high school this month and start the next phase of her life, I started to think about what it means to turn 18 and become a ‘legal adult’. In a few short months, she will be moving away from home and attending a university out of state. SheR... continue reading »

Prepaid Burial Plans

A question I am often asked by clients is whether or not they should purchase a prepaid burial plan.  I encourage clients to think about how their surviving loved ones will be able to pay for the cost of a parent’s funeral.  The cost of a prepaid burial plan is actually one of the approved sp... continue reading »

Tax Cuts and Job Act of 2017 and Estate Planning

It is that dreaded time of year again when you drop off that pile of paperwork with your accountant and anxiously await the outcome of your tax return.  Our accountant friends have been busy doing double duty working hard to digest and understand the new tax legislation that President Trump sign... continue reading »

Why Do I Need to Go Through Probate?

This is a question we often hear after a title company or realtor warns a client that they can’t close until they go through probate.  The basic answer is that a dead person can’t sign a deed.  That’s pretty obvious but I will give you several examples where people often think they will n... continue reading »