Estate Planning Must-Haves for Millennials
If you’re a millennial who still needs to start the estate planning process, it’s the right time to do so! Estate planning gives you peace of mind that your wishes are honored and your loved…
July Newsletter: Tax Policies, Vacation Homes, & Memorabilia
Our July newsletter brings to you the potential tax policies of the next administration that could have a major impact on your personal wealth and estate planning strategies. Then, we discuss all things estate planning…
Estate Planning for a Loved One Struggling With Addiction
In many cases, estate planning deals with difficult situations, such as how to plan for a loved one struggling with addiction. Watching a loved one battle with a substance use disorder is awful, but it’s…
Estate Plan Adjustments for Life Changes
A well-crafted estate plan safeguards your loved ones and preserves your legacy. You can establish an estate plan anytime; the sooner you start, the greater your peace of mind. Remember, your initial estate plan isn’t…
Learning from the Leno Conservatorship Proceedings
Most people understand that estate plans address what happens after a person passes away. But what about in situations where they are alive but incapacitated? Without proper planning for incapacitation, many families turn to the…
June Newsletter: All About Life Insurance
June’s newsletter delves into all things life insurance. This critical yet often misunderstood aspect of financial planning can help secure your family’s future. In the newsletter, we explore innovative life insurance applications, from funding trusts…
Heartbroken & Broke: The Devastation of Online Scams on Seniors
The Wall Street Journal (Feliz Solomon) 06.02.24, published an article titled “She Hooked Me: How an Online Scam Cost a Senior Citizen His Life’s Savings.” It’s the true story of a man who fell victim…
Navigating Inheritance in Blended Families
The Wall Street Journal (Ashlea Ebeling) 06.01.24, published the article “The Brady Bunch Breaks Down: Estate Fights Tear Stepfamilies Apart.” The article provides real-life examples of blended families facing legal battles and discord due to…
SCINs Explained: Minimizing Gift and Estate Taxes
The IRS imposes a gift or estate tax on the transfer of money or property from one individual to another, with certain exceptions. One exception that we’d like to delve into is the self-canceling installment…
Estate Planning Lessons From Famous Moms
Estate planning can be a sensitive subject, but the experiences of iconic figures like Gloria Vanderbilt, Aretha Franklin, and Lucille Ball offer valuable estate planning lessons. This month’s newsletter explores their practices and pitfalls to…
Back to Basics: One-Sided Contract Acceptance
By James C. Man, Esq. In the nuanced and complicated world of corporate and contract law, there are three fundamental properties that all agreements must have: offer, acceptance, and consideration. Generally speaking, once an offer is…
Incorporating Charitable Giving In Your Estate Plan
Many individuals choose to incorporate a charitable bequest into their estate plan. For some, this decision stems from a deep sense of altruism; for others, the drive is the significant financial advantage. Yet, for the…
Your Business Succession Strategies
Your business is likely one of your most valuable assets. For this reason, business succession planning is crucial when creating an estate plan. A business succession plan clearly defines who will take on which roles,…
What Is the Generation-Skipping Transfer Tax?
In this month’s newsletter, we provide a comprehensive understanding of the Generation-Skipping Transfer Tax and its implications. With each transfer of wealth, federal estate taxes are collected. Typically, money goes from spouses to children, then…