Hard-to-value gifts can raise red flags with the IRS. A properly structured defined-value gift can help prevent the gift from triggering a tax assessment later.
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Without careful estate planning, inheritance laws may distribute assets differently than members of blended or nontraditional families anticipate.
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A special needs trust allows you to leave as much as you can for a family member with disabilities without negatively affecting government benefits.
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Does your estate plan benefit your grandchildren or other loved ones more than one generation below you? If so, your plan must address not only gift and estate taxes, but also the generation-skipping transfer (GST) tax.
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Careful estate planning is essential for non-U.S. citizens because citizenship, domicile and asset location can significantly affect gift and estate tax exposure and the strategies available to minimize it.
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Adequate life insurance coverage can provide your surviving family members with financial resources to manage ongoing expenses or allow you to leave a legacy for the next generation.
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Creating a comprehensive estate plan is one of the most important steps single parents can take to protect their young children.
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Estate planning tools such as powers of appointment can provide you peace of mind. How? You’ll know that a trusted individual will be able to adjust the distribution of your assets if needed to achieve your goals.
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Many people assume that foreign assets they own aren’t relevant to their “U.S.” estate plans. But that’s not the case.
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If you come across an estate planning term you’re unfamiliar with, consult this handy glossary.
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As our lives become increasingly digital, estate planning must evolve to keep pace. Here are answers to a few common questions about estate planning for your digital assets.
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Pairing a charitable remainder trust and a wealth replacement trust can help you achieve two estate planning goals: philanthropy and leaving a legacy.
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The variety of benefits a family limited partnership offers may be enough to offset the fact that it can often be more complex to set up and operate than other estate planning tools.
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If during your lifetime you’ve invented something and had it patented or created a copyrighted work, your estate may include intellectual property (IP). This can be a valuable intangible asset that your estate plan must address.
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Many people are surprised to learn that they can be required to file a federal gift tax return even when no gift tax is owed. Here are the rules.
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Naming a trusted family member as executor may be a natural choice, but it may not be the best one. Here’s why naming a professional advisor as a co-executor is often a better option.
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If you haven’t recently reviewed your estate plan, there may be multiple reasons to do so now.
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Decanting can breathe new life into an irrevocable trust.
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If you own real estate in multiple states, consider using a revocable trust to make it easier for your beneficiaries.
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Gift-splitting can be a valuable estate planning tool, allowing spouses to maximize the amount of wealth they can transfer tax-free.
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