Monthly Archives: October 2015

How a trust can help alleviate estate planning uncertainty for the young and affluent

For young, affluent people, designing an estate plan is a challenge because it’s difficult to predict what the estate and income tax laws will look like — and what their own net worth will be — decades from now. If … Continue reading

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3 reasons an estate valuation can be beneficial

With the gift and estate tax exemption currently at $5.43 million, you might think that estate valuations are less important. But even if you believe that your estate’s value is under the exemption amount, here are three reasons to determine the … Continue reading

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A difficult decision: Declaring your elderly parent incapacitated

When an elderly parent gradually loses control of his or her faculties, it can be difficult for children to determine whether having their parent declared incapacitated is the right thing to do. The legal definition of “capacity” varies from state … Continue reading

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Holding joint title to property with loved ones has pitfalls

Owning assets jointly with one or more of your children or other heirs is a common estate planning “shortcut.” Two potential advantages are convenience and probate avoidance. But joint ownership can also create a number of problems, including: Unnecessary taxes. … Continue reading

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