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questions are complicated – here are a few other considerations to factor into your long-term financial and estate By taking an active role in your estate plans, you will feel more empowered about retirement. team members today to learn how inflation’s impact on your retirement assets may also affect your estate

If you find yourself frustrated by your spouse’s outlook on estate planning and planning for your future Understand Your Options As you discuss estate planning with your spouse, also be sure to consider possible Talk with an Experienced Estate Planning and Elder Law Professional If you and your spouse are still struggling to get on the same page about estate planning, it may be time to consult with a professional

For President Biden, the estate tax is a very likely target for change. The impact of potential changes reaches far beyond the estate tax, though. : Estate Tax Exemption Adjustments Estate tax exemption rates vary from administration to administration As of now, your estate can be valued at $11.7 million before being hit with any estate taxes. This removes the asset from your taxable estate at death.

Without proper preparation, such a situation could throw your carefully laid estate plans for a loop. Fail to craft a simultaneous death clause, and your estate could be subject to the Uniform Simultaneous him, and the wife’s heirs would receive her estate as though her husband had died first. should you and your partner pass at the same time, begin by reviewing your will or trust documentation A simultaneous death provision may already exist in your estate plans.

many people are opting to outline their specific wishes for their online assets in their wills and trusts Once you have assembled your list, schedule a meeting with an estate planning attorney at Your Legacy and digital assets, call (281) 218-0880 or click here to schedule an appointment with our experienced estate

Estate planning is important – you probably already know this much to be true. Consider Whom You Are Planning For An estate plan is more than just a list of your assets and how you Having proper estate planning documents established will allow you to make your wishes known when it This is called “dying intestate,” which is a legal term for dying without an estate plan. up amongst your heirs (even if you did not want them to receive any part of your estate).

As a single person, it is easy to assume that you don’t need the legal protections offered by estate Basic estate planning is far simpler than most people assume. The easiest way to do this is through estate planning. You can structure such arrangements as either a charitable remainder trust or a charitable lead trust Create Your Estate Plan Today If you are single and unsure of how to best begin estate planning, reach

If you make careful estate planning choices now, you can prepare for your child’s future care and financial Supplemental (Special) Needs Trusts Supplemental (special) needs trusts are the most effective trusts part of an estate plan. one a sub-trust as part of an existing living trust. Your Legacy Legal Care offers comprehensive estate planning services to ensure your loved ones are protected

Prince’s Estate: Sign O’ the Times? The estate also faces a 40% federal inheritance tax and a 16% Minnesota estate tax. think about death, Prince could have avoided tens of millions in legal and administrative fees with a trust and thorough estate plan. Williams stepped down as administrator for the estate.

In fact, events like a pandemic highlight the need for advanced estate planning. This is the essence of estate planning, after all: when you cannot stop the worst-case scenario from designations and a Medical Power of Attorney, it is also a good idea to discuss establishing a will or trust Regardless of your background, age, or lifestyle, these estate planning tools can help you prepare for To find out how advanced estate planning will help protect you and your family, call us at (281) 885-

Estate plans can help ensure your wishes are respected should you become incapacitated or pass away. Regardless of whether you have existing estate plans in place or if you are starting from scratch, take Meet with an Estate Planning Attorney It can be scary to plan for the future when you are not sure what

The $500 million estate transferred ownership of the properties the elder Spitzer acquired, according , 90-unit rental building his father developed in 1960—into the Bernard and Anne Spitzer Charitable Trust The trust has been a big patron of organizations such as the Public Theater and City College. put another development bought for $165 million in February by the family business into a charitable trust Reference: The Real Deal (December 18, 2015) “Eliot Spitzer has started splitting up late father’s empire” #EstateTax