If you are approaching your retirement years, you have much to look forward to and much to celebrate! Hopefully, you have had a comprehensive estate plan in place since you reached adulthood and you have updated that plan throughout your working years. As retirement nears, it is wise to sit down with your estate planning attorney and complete a thorough review and revision of your plan once again. To get you started and focused on issues that likely apply to you as a retiree, the attorneys at … [Read more...] about Guide to Estate Planning for Retirees
What Taylor Swift Can Teach Us About Estate Planning
Regardless of your feelings about her music, her attendance at National Football League games, or anything else related to the popstar, it’s hard to argue that Taylor Swift isn’t a cultural phenomenon. In 2023, Taylor launched a multi-city tour that broke records for attendance, sales, merchandising, and gross revenue; the Federal Reserve credited her with boosting the country’s economy; and Time magazine named her Person of the Year. While interesting, these statistics only tell part of the … [Read more...] about What Taylor Swift Can Teach Us About Estate Planning
There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
Matthew Perry died at the end of 2023. While it seems unlikely that Matthew’s estate will end up embroiled in a court battle as we see with other celebrity estates, that doesn’t mean that we can’t learn anything from his death and Estate Plan. Read on to learn more. … [Read more...] about There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
The View from Heckerling 2024
Each year the University of Miami sponsors the Heckerling Institute on Estate Planning. The 58th Institute took place in Orlando, Florida in January 2024. The Institute is widely regarded as the premier estate planning program in the country as thousands of attorneys, trust officers, financial planners, and related parties descend upon the Orlando World Center Marriott Resort and Convention Center for a week-long educational and networking conference. As the Associate Director of Education … [Read more...] about The View from Heckerling 2024
Do You Want to Discuss Dynasty Trusts?
Dynasty Trusts present a great opportunity to pass significant wealth on to future generations. If structured properly, the assets of a Dynasty Trust pass with minimal gift, estate or generation-skipping transfer tax consequences. As we approach the sunset of the temporarily doubled Applicable Exclusion Amount, practitioners and clients should consider whether a Dynasty Trust makes sense for them. Read on to learn more. … [Read more...] about Do You Want to Discuss Dynasty Trusts?
Maximizing Impact: Charitable Gifting in Your Estate Plan
When it comes time to create an estate plan, many individuals want to leave a lasting impact on causes dear to their hearts through charitable giving. Crafting an estate plan that includes provisions for charitable gifting not only allows you to support causes you are passionate about but also provides potential tax benefits and a meaningful legacy. For those interested in charitable gifting, the attorneys at Legacy Care Law Firm discuss the importance of incorporating charitable gifting into … [Read more...] about Maximizing Impact: Charitable Gifting in Your Estate Plan
What’s Retirement Got to Do with it?
As more and more Baby Boomers retire, many wonder where they should spend their golden years. Each person’s unique facts and circumstances should inform that decision, including, without limitation, the various taxes imposed by each state. The findings in this article might surprise you. Read on to learn more. … [Read more...] about What’s Retirement Got to Do with it?
How to Leave an Enduring Legacy for Future Generations
If you have already taken the crucial step of establishing an estate plan, you have demonstrated foresight in securing your financial assets and ensuring your wishes are honored. The concept of legacy planning introduces an additional layer of depth to your preparations. The point of legacy planning is not to replace your existing estate plan. Instead, it enriches and extends it, offering a comprehensive approach to leaving behind a meaningful and lasting impact. In essence, while your estate … [Read more...] about How to Leave an Enduring Legacy for Future Generations
Estate Planning Beyond Wills and Trusts
A robust estate plan requires you to incorporate tools and strategies into your plan that go above and beyond what a Last Will and Testament or a trust can accomplish. The precise tools and strategies that you include in your plan will depend on your estate planning needs and goals. To give you an idea of how your plan might accomplish more than it currently is, the attorneys at Legacy Care Law Firm discuss estate planning beyond Will and trusts. Advanced Directives Planning for the … [Read more...] about Estate Planning Beyond Wills and Trusts
Ways to Transfer Property in Your New Hampshire Estate Plan
One of the many interrelated goals in the average estate plan is to ensure that estate assets are transferred to the intended beneficiaries either during your lifetime or at the time of your death. A well drafted estate plan will use a variety of estate planning tools and strategies to effectuate these transfers of property and assets. Because every estate is unique, it is incumbent on you to work closely with an experienced estate planning attorney to decide how to transfer your estate assets. … [Read more...] about Ways to Transfer Property in Your New Hampshire Estate Plan
