“I’m proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money.” Entertainer Arthur Godfrey The irrevocable life insurance trust (ILIT) can be an important estate strategy tool that may accomplish a number of...
A living trust is a popular consideration in many estate strategy conversations, but its appropriateness will depend upon your individual needs and objectives. WHAT IS A LIVING TRUST? A living trust is created while you are alive and funded with the assets you choose...
When the rules of the game change, tactics should follow in response to the new landscape. While estate tax exemptions have ridden an uncertain roller coaster in recent years, the rules appear to be stabilizing after the passing of the Tax Cuts and Jobs Act, prompting...
If you are one of the many Americans who are in a second marriage, you may need to revisit your estate strategy.1 Unlike a typical first marriage, second marriages often require special consideration in order to address children from a prior marriage and the...
You’re young, have little in savings, and might not have anyone relying on you, financially. So, why do you need to think about estate management?1 Here are four great reasons: ESTATE STRATEGIES: THEY’RE NOT JUST FOR THE ELDERLY You need a will. You may ask...
Determining the value of an estate is a fundamental first step in estate management and a critical requirement for settling a decedent’s estate.1 HOW TO ASSESS THE VALUE OF AN ESTATE Select the date of calculation. Because values move up and down, you need to set a...
