Understanding the formal notice to creditors in estate settlement.
An arrangement that allows individuals to designate beneficiaries who receive their assets upon death.
Understanding Qualified Disclaimers in Estate Planning
A Qualified Domestic Trust allows non-U.S. citizen surviving spouses to benefit from the marital deduction on estate taxes.
A trust designed to reduce gift tax when transferring a personal home.
Understanding QTIP Trusts: A Married Couple's Financial Safety Net with a Touch of Control
Step-Up in Basis: Adjusting Inherited Assets for Tax Purposes
A testamentary trust created through a will to manage a decedent's assets.
A clever way to pass assets without probate while staying very much alive.
A financial instrument established to hold and manage assets on behalf of another, offering protections and benefits while ensuring that the grantor's wishes are fulfilled.
Trust Property refers to assets that have been placed into a fiduciary, managed by trustees on behalf of beneficiaries, often with tax benefits and streamlined transfer upon death.
A humorous down-to-earth guide to the world of wills, final assets, and declarations of intent.
A humorous and enlightening exploration of financial estates.
Understanding the concept of Uniform Transfer Tax, combining federal estate and gift taxes into a single entity.
The unlimited marital deduction allows an individual to transfer an unrestricted amount of assets to their spouse free from tax, making estate and gift taxes as absent as your neighbor’s lawn care on a Saturday!
The Estate Planning Strategy and Wealth Transfer Mechanism
Understanding the financial safety net for surviving spouses and children
