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May 2016 Archives

Don't overlook a crucial element of your estate plan

If you've taken the time to meet with a legal professional to discuss your estate planning goals and execute a strategy designed to realize these goals -- perhaps creating both a will and living trust -- you should take a moment to congratulate yourself for a job well done.

Do you want charitable giving to be part of your estate plan? - II

In our last post, we discussed how those looking to leave a not insubstantial amount to a favorite cause or charitable organization should consider executing what is known as a charitable trust, an estate planning mechanism that can help them both accomplish their objectives and realize substantial tax savings.

Do you want charitable giving to be part of your estate plan?

When it comes to the idea of setting aside some of your hard-earned funds for a favorite charity in your estate plan, you may experience some degree of uncertainty. For example, you may worry that any decently sized amount of money set aside for charity would inevitably be consumed by taxes and also function as some sort of disservice to your heirs over the long run.

Important considerations for those mulling unequal distributions among heirs

The idea of sitting down to execute a comprehensive estate plan can understandably prove to be a somewhat daunting proposition to many people. That's because it not only forces them to take a serious look at their assets and liabilities, but also address the prospect of their own mortality.

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