Recent News & Blog / Estate Planning
Trust Taxation: Considerations for Grantors and Beneficiaries
Trusts are legal arrangements used to protect and distribute assets, often as part of estate planning. They are taxed differently than ordinary investment accounts, depending on their structure and the type of income they generate.
How to Choose Your Beneficiaries
Beneficiaries are an important part of your estate plan, as these are the people or organizations that will ultimately benefit from your estate. Your specific beneficiaries often give a purpose and guidance for what you’re leaving behind.
Long-Term Care Insurance Can Offer Peace of Mind and Help Preserve Your Wealth
One of the greatest risks to your estate plan is the chance of incurring substantial long-term care (LTC) costs.
Why Estate Planning for Foreign Assets Requires Extra Attention
Do you hold assets such as overseas real estate, foreign bank accounts, or investments in international markets?
The Meaning of These Common Estate Planning Terms
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be familiar with common terms such as “will” or “executor,” you may not be as certain about others.
How a Donor-Advised Fund Can Benefit Your Estate Plan
Donor-advised funds (DAFs) have become increasingly popular among individuals and families who want to simplify their charitable giving while maximizing tax efficiency.
How to Account for Digital Assets in Your Estate Plan
In today’s digital world, estate planning must go beyond physical property and financial accounts by also addressing your digital assets.
Benefits of Using a CRT and a WRT in Tandem to Achieve Two Estate Planning Goals
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust types can be used together to help achieve those goals: a charitable remainder trust (CRT) and a wealth replacement trust (WRT).
What You Need to Know About ILITs—and Your Options for Undoing One
Life insurance can provide peace of mind, but if your estate is large enough that estate taxes are a concern, it’s important not to own the policy at death. Why? The policy’s proceeds will be included in your taxable estate.
How Can an FLP Fit Into Your Overall Estate Planning Strategy?
A family limited partnership (FLP) allows you to manage and protect your wealth while gradually transferring it to your children or other heirs.