4 Powers to Consider Giving to a Trust Protector

+-*4 Powers to Consider Giving to a Trust Protector Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have […]

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Surprise! You Can’t Easily Disinherit Your Spouse in the U.S.

+-*Surprise! You Can’t Easily Disinherit Your Spouse in the U.S. Believe it or not, in the U.S. it isn’t easy to disinherit your spouse. But the same is not true for other family members – generally, you can use your estate plan to disinherit your brothers and sisters, your nieces and nephews, or even your […]

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Aging.gov: A New Resource for Older Americans and Their Families

+-*Aging.gov: A New Resource for Older Americans and Their Families More than 10,000 people turn 65 in the U.S. every day according to Aging.gov (http://www.hhs.gov/aging/), a new website recently launched by the Obama administration. The goal of this website is to act as gateway for older Americans and their families, friends and caregivers to locate […]

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Decanting: How to Fix a Trust That Isn’t Getting Better With Age

+-*Decanting: How to Fix a Trust That Isn’t Getting Better With Age While many wines get better with age, the same cannot be said for some irrevocable trusts. Maybe you’re the beneficiary of a trust created by your great grandfather seventy years ago that no longer makes sense. Or maybe you created an irrevocable trust […]

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Financial Firms Roll Out Form Aimed at Stopping Financial Elder Abuse

+-*Financial Firms Roll Out Form Aimed at Stopping Financial Elder Abuse With cases of financial exploitation of the elderly on the rise, advisors who work with older clients are looking for ways to head off the abuse before it happens. Enter the “Emergency Contact Authorization Form,” a document in which clients can list a trusted […]

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What You Need to Know About the Final Estate Tax Portability Rules

+-*What You Need to Know About the Final Estate Tax Portability Rules Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to understand […]

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How Will the 2015 Supreme Court Decisions Affect You and Your Family?

+-*How Will the 2015 Supreme Court Decisions Affect You and Your Family? While approximately 10,000 cases are appealed to the U.S. Supreme Court each year, only 75 to 80 make it to oral argument. Of those cases, only a handful grab the media’s attention. Below is a summary of three landmark decisions handed down in […]

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Dispelling the Top 3 Estate Planning Myths

+-*Dispelling the Top 3 Estate Planning Myths Like any other complex subject, estate planning has its share of myths and misconceptions. Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed. Estate Planning Myth #1 – […]

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