How do Entities Enter Estate Planning?
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.
Evolution of our Unified Estate and Gift Tax System
Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning. Is that true? Well, in true lawyer fashion, the answer is “it depends” We found this helpful article over at the AAEPA that may provide some guidance: read on to learn more.
A Beginner’s Guide to Advance Healthcare Planning
Advance health care planning is an important part of preparing for the future, yet many people put it off or don’t know where to begin. If you’re new to advance care planning, this guide will provide you with a basic understanding of what it entails. Of course, you can always contact us here at the […]
What is Cryptocurrency?
Cryptocurrency has become increasingly popular as a form of investment in recent years. More and more established financial institutions recognize cryptocurrency and allow its use. As cryptocurrency becomes mainstream, it’s important to consider estate planning implications for holding this digital asset. Read on to learn more.
Drafting and Emergencies – Plan Proactively!
Individuals who undertake Estate Planning want to ensure that their plan works the way it’s intended. When clients neglect to consider Estate Planning on a regular basis, they set themselves up for failure. Waiting until an emergency arises almost guarantees that the plan will fail when needed the most. Estate Planning completed under duress can lead to unfavorable results. Read on to learn more.
What is a “Durable Power of Attorney?”
A durable power of attorney is a legal document that allows you to give someone else the authority to make decisions on your behalf. This can be an important part of your estate planning, as it ensures that someone you trust is able to make financial or legal decisions for you if you become unable […]
Who is Marion Levine? How do they affect your life insurance?
Life insurance has long been part of Estate Plans, whether used to ensure liquidity for the estate on the death of the insured, or simply as income replacement on the death of the insured. Understanding the impact of life insurance on an estate plan has become critically important. A recent tax court case resulted in a big win for the taxpayer in a complex set of facts which could impact how you incorporate life insurance for your Estate Planning clients
Is Your Estate Plan Lacking?
What is “estate planning,” as a concept? It has been our experience here at the Slaton Schauer Law Firm, PLLC that too many people think that estate planning should consist of nothing more than a basic will. So what is the reality? The truth is that there are many factors to consider when evaluating a […]