Is There an Income Tax Time Bomb Lurking in Your Estate Plan?

Is There an Income Tax Time Bomb Lurking in Your Estate Plan? As the federal estate tax exemption has ballooned from $1.5 million ten years ago to $5.43 million today, the need for estate tax planning has drastically decreased. Instead, higher income tax rates that were ushered in under the American Taxpayer Relief Act of […]

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What the Recently Released 2016 IRS Inflation Adjustments Mean for You

What the Recently Released 2016 IRS Inflation Adjustments Mean for You The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant and your attorney help you plan […]

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Long-Term Care Planning, Part 2: Your Funding Options

Long-Term Care Planning, Part 2: Your Funding Options The first part of planning for long-term care is realizing that, a) most of us will need this kind of care for at least some time before we die and b) the cost of this care can be financially devastating for a family if it is not […]

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Long-Term Care Planning, Part 1: A Central Requirement

Long-Term Care Planning, Part 1: A Central Requirement Health care has been the topic of discussion lately, but the greatest threat to your financial health is long-term care. This is the kind of care you need if you are not able to perform normal daily activities (such as eating, dressing, bathing and toileting) without help, […]

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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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