Why Your Estate Planner Needs to Know If You’ve Lent Money to Family

Many children and grandchildren are skipping the traditional bank and obtaining loans from parents or grandparents.  Unfortunately, we have all heard stories of families torn apart because of disagreements over money. So, what can you do to make sure your intra-family loans help — rather than hurt — your family? As far as estate planning [...]

By | 2018-02-23T21:05:31+00:00 February 23rd, 2018|Estate Planning|0 Comments

After Tax Reform, Is Estate Planning Still Necessary? Yes!

The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates from the nonpartisan congressional Joint Committee on Taxation. [...]

By | 2018-02-16T20:59:27+00:00 February 16th, 2018|Estate Planning|0 Comments

Are Payable-On-Death Accounts Right For You?

A payable-on-death account, also called a POD account, is a common way to keep bank and investment accounts out of probate, the court-supervised process that oversees distributing a deceased person’s property. Most people want to avoid their estate going through probate because their heirs will receive the inheritance faster, privately, and at lower cost. [...]

By | 2018-02-16T21:03:52+00:00 February 9th, 2018|Estate Planning|0 Comments