ABLE accounts are a nice, flexible way to supplement the usefulness of a Special Needs Trust. But certain limits apply. Read on to learn more. … [Read more...] about ABLE Accounts Complement Special Needs Trusts
Plan Now for the Incredible Shrinking Exclusion
There is a great deal of legislation pending and much is uncertain. But this much is certain, the estate tax exclusion will go down by half beginning 2026 under current law. Now is the time to plan for your clients and yourself. Read on to learn more. … [Read more...] about Plan Now for the Incredible Shrinking Exclusion
The Role of the Estate Planning Attorney
Clients often come to an Estate Planning attorney with specific ideas in their minds. The attorney’s role is to counsel them regarding their plan, not just to draw up documents to accomplish it. Read on to learn more. … [Read more...] about The Role of the Estate Planning Attorney
4 Important Fiduciary Roles in Your Estate Plan
Creating a comprehensive estate plan requires you to make numerous important decisions. Although many of those decisions are directly related to the distribution of your estate assets after you are gone, not all of them are. In fact, some of the most influential decisions you will make within your estate plan are often the ones people spend very little time making. These are decisions related to fiduciary roles within your plan. Choosing people for the fiduciary roles within your estate plan … [Read more...] about 4 Important Fiduciary Roles in Your Estate Plan
How Can I Help My Executor?
For most people, a Last Will and Testament serves as the foundation of their estate plan. When you create your Will, one of the most important decisions you will need to make is deciding who to appoint as the Executor of your estate. In addition to deciding who to appoint, the Beverly estate planning attorneys at Legacy Care Law Firm offer some tips for making your Executor’s job easier. Probate Basics and the Role of Executor Over the course of a lifetime, almost everyone acquires assets … [Read more...] about How Can I Help My Executor?
How Can I Include Philanthropy in My Estate Plan?
For many people, philanthropy is an important part of their everyday life. If you are one of those people, your charity does not have to end when you are gone. On the contrary, with careful planning, your charitable gifting can continue long past the time of your death. The North Andover estate planning attorneys at Legacy Care Law Firm explaoin how you can include philanthropy in your estate plan. The Joy of Giving Are you someone for whom philanthropy truly is a way of life? … [Read more...] about How Can I Include Philanthropy in My Estate Plan?
Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on beneficiaries who don’t fall under the standard 10-year payout of the SECURE Act. Read on to learn more. … [Read more...] about Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Biden Administration Could Reduce Estate Tax Exclusion
Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
Estate Planning — 3 Mistakes to Avoid
Taking the time to create an estate plan is one of the most meaningful – and beneficial -- gifts you can give to yourself and to the people you love. It is easy to make mistakes when it comes to estate planning though – and a mistake could cost you, or your loved ones, a considerable amount of time, money, and grief. The Nashua estate planning attorneys at Legacy Care Law Firm discuss three of the most common estate planning mistakes you should try to avoid making. Believing you Do Not Need a … [Read more...] about Estate Planning — 3 Mistakes to Avoid
What the 2020 Election Could Mean for Your Estate Plan
The November elections are over. What was the outcome of the election? What changes could come about as a result? What do those possible changes mean for your estate plan? Read on to learn more. … [Read more...] about What the 2020 Election Could Mean for Your Estate Plan
