Gifting for High Net Worth clients
There have been a lot of changes in the estate tax laws in the last several years. We now have an exemption amount of $11,180,000, and it is portable between spouses in most instances. This combination of amount, and portability, has virtual
ASSET PROTECTION PLANNING: What you can do, no matter your level of wealth!
Written by: Wills, Trusts, & Estate Administration Asset Protection Planning is only for the wealthy, right? No, it can be just as useful for the young couple with relatively little net worth as it is for the multi-millionaire! Asset prote
Guardianship and Conservatorship FAQ: 9 Frequently Asked Questions
Written by: Wills, Trusts, & Estate Administration 1. What is the purpose behind a guardianship or conservatorship? Guardianships and conservatorships are actions of last resort to manage an incompetent or incapacitated person’s personal a
Georgia’s New Power of Attorney Statute — Significant Changes: the Good, the Bad, and the Scary!
By: Wills, Trusts, & Estate Administration Any estate planning attorney will tell you there are 3 basic components of every estate plan: (i) a valid Last Will & Testament or alternatively a Living Trust, (ii) a Health Directive and (iii)
Choice of Entity in Estate Planning
Written by: Wills, Trusts, & Estate Administration Choice of entity is an important decision not only for a start-up business, but also for an existing business, especially in the family estate planning context. Under current laws in many st
Marital Trusts: More Useful, and More Flexible than Ever!
Written by: Wills, Trusts, & Estate Administration Prelude/Spoiler Alert: Two of my earlier blogs 12-18 months ago mentioned the ‘tie in’ between marital trusts and the exemption amount. The point of both of those, and this article, is t
Irrevocable Life Insurance Trusts (ILITs) — What They Are and Why They Are GREAT!
Written by: Wills, Trusts, & Estate Administration Let’s start with a brief trust primer. Virtually all trusts can be identified as one of two types. A Revocable Trust, or an Irrevocable Trust. Each is exactly what it sounds like. A Revo
Estate Planning for the Business Owner: To Sell it, to Keep it, or to Gift it — An Outline on Planning for Transition of the Ownership of a Business
Written by: Wills, Trusts, & Estate Administration You’ve heard it said that for many people, their house is their largest or most important investment. But for small business owners, his or her business may well take the place of the hous
Having Your Cake. . . And Eating It Too! The Basics of Planned Giving With Charitable Remainder Trusts
Written by: Wills, Trusts, & Estate Administration So, do you have a desire to gift or bequeath money to your favorite charitable organization, but are concerned that either (i) you will need the income generated by the property during your