BLOGS

Attention Baby Boomers!

You know who you are. You’ve been through a lot in your life and have seen our economy (and your life savings) go up and down over the decades.  There’s a good chance that you have already prepared a Will and perhaps even a Revocable Living Trust.  But how long ago did you sign these documents?  Maybe you had young children back then, and now they’re all grown up and on their own.  Maybe you are retired and you’re a grandma or grandpa now.  What else has changed?  Have you reviewed your documents recently to see if they even m...Read More
Twitter Google Linkedin

I Love You!

“I love you, and here’s my plan for you if something happens to me...” Important considerations when leaving assets to a loved one. Valentine’s Day is right around the corner and it’s the perfect time to tell that special person how much you love them. If you’re married, or in a committed relationship, you probably want to be sure that your spouse or significant other is taken care of after your death. And, you probably believe that the best way to do so is by leaving everything you have to him or her. However, consider this...Read More
Twitter Google Linkedin

ACTING AS A TRUSTEE OR EXECUTOR

Do you know what your responsibilities are if you are acting as a trustee of a trust or as executor of an estate?  If you are acting as either, then you are a “fiduciary” for the beneficiaries of the trust or the estate.  This job can be short-lived (e.g., one year or less where you are administering a trust or probate estate which provides for outright distributions to all beneficiaries), or can go on for many years (e.g., where you are acting as trustee for a minor child or children until they reach the age of 30).  In any case, it...Read More
Twitter Google Linkedin

CELEBRITIES WHO LEFT US IN 2016

You may have heard of some of these people who died in 2016:  David Bowie (69) - Glenn Frey (67) - Harper Lee (89) - Nancy Reagan (94) - Prince (57) - Muhammad Ali (74) - Anton Yelchin (27) - Gene Wilder (83) - Jose Fernandez (24) - Arnold Palmer (87) - Janet Reno (78) - Florence Henderson (82) - John Glenn (95) - Alan Thicke (69) - George Michael (53) - Carrie Fisher (60) - And her mom, Debbie Reynolds (84), only one day later.  And the list goes on and on... In 2016, it seems that we couldn’t turn on the news without hearing about ...Read More
Twitter Google Linkedin

PRESIDENT-ELECT DONALD TRUMP’S ESTATE TAX PLANS – WHAT DO WE DO NOW?

13094707 - the words what now? in a thought cloud or bubble above a thinking person's head as he wonders about the future and his destiny or fate By now, most of you have heard that President-elect Trump is proposing to repeal the federal estate and gift tax. With a Republican-controlled Congress, comprehensive tax reform is quite possible. However, what new tax laws will actually be passed, and what the specifics of any such tax laws would look like, is anything but certain. For example, if the estate and gift tax is repealed during a Trump administration, when would it occur? Would it be effective immediately, or would it take effect, gradually, over a period of years? What if o...Read More
Twitter Google Linkedin