Family Wealth and Estate Planning Articles
Does Your Estate Plan Address Your Grandchildren in a Fair Manner
Posted by Jeffrey Budzinski on July 16, 2021
Life insurance is one option to consider when addressing your grandchildren in your estate plan.
Can Senior Citizens Write off Medicare Premiums?
Posted by D’Marie Kleeman on June 24, 2021
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want, but you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return.
Guide Your Family with an Estate Plan Road Map
Posted by Cheryl A. Jankowski on June 16, 2021
An estate planning “road map” can help steer your family in the right direction at the time when it’s needed most.
Estate Planning in the Fast Lane
Posted by D’Marie Kleeman on June 09, 2021
If your estate planning goals lean toward instilling fiscal responsibility among your children, grandchildren, and beyond, a family advancement sustainability trust (FAST) may be right for you.
Are You Holding a Joint Title to Property with a Family Member or Friend?
Posted by on June 02, 2021
There’s a common misconception that owning assets jointly with your children or other family members is an effective way to transfer the assets. Before taking action, weigh the advantages and disadvantages.
Protect Your Assets As You Protect Your Loved Ones
Posted by Robert Ingrasci on May 18, 2021
You've worked a lifetime to build your wealth and understandably want to pass much of it to loved ones. Your estate plan, therefore, needs to protect and preserve your assets.
Beware of the “Reciprocal Trust” Doctrine
Posted by D’Marie Kleeman on May 13, 2021
Having spouses’ trusts that are too similar isn’t simpatico with the IRS and may trigger unintended tax consequences.
A Closer Look at Durable Power of Attorney
Posted by Cheryl A. Jankowski on April 05, 2021
If someone becomes physically or mentally incapacitated, they may no longer be able handle their own personal and financial affairs.
Is Your Estate Plan Aging as Gracefully as You Are?
Posted by D’Marie Kleeman on February 22, 2021
An estate plan isn't a static document. You need to review and revise your plan over time because what's important when you're a young adult just starting out likely will be different from what's important when you're retired.
When It Comes to Trusts, Silence May Be Golden
Posted by Robert Ingrasci on December 15, 2020
"Silent" trusts limit the amount of information shared with beneficiaries. In some cases, they may even keep the existence of the trust a secret. This article explains how a silent trust can reduce disincentives for heirs to act irresponsibly or neglect their education or careers, but there are also several drawbacks to using this estate planning tool.