Estate Planning: There’s Something Here for Everyone – Part I

Despite knowing that they should have an estate plan, many individuals give excuses for failing to create an Estate Plan. They may rely upon advice from seemingly well-intentioned individuals that if they do not have a taxable estate, they don’t need a plan, or that each state has its own set of rules regarding distribution that gives assets to beneficiaries upon death. Some folks go so far as to suggest methods to avoid probate without truly considering the impact of those suggestions. This article explores the most commonly cited reasons for failing to create an Estate Plan and addresses the invalidity of these excuses.


The post Estate Planning: There’s Something Here for Everyone – Part I appeared first on Progeny Law Firm.


http://dlvr.it/TFRckp

Comments

Post a Comment

Popular posts from this blog

The Role of a Corporate Trustee in Managing Complex Estates

Image
Estate planning can be complicated, especially when it involves large estates with various assets, family businesses, or charitable giving. For many individuals, appointing a trustee to manage the estate after their death is one of their most important decisions. While family members or close friends are often chosen as trustees, there are situations where a […] The post The Role of a Corporate Trustee in Managing Complex Estates appeared first on Progeny Law Firm. http://dlvr.it/TFx34s
Read more

The Seedier Side of the Holiday Season

Image
Scammers will use any leverage possible to separate you from your money. This includes preying upon a grandparent’s love and concern for their grandchildren. The so-called grandparent scams are among the most popular scams targeting the elderly and rely upon details gleaned from social media sites to make the call seem realistic. It’s important to recognize the signs of potential scams and understand how to guard against them. The post The Seedier Side of the Holiday Season appeared first on Progeny Law Firm. http://dlvr.it/SzfPGX
Read more

Do You Want to Discuss Dynasty Trusts?

Image
Dynasty Trusts present a great opportunity to pass significant wealth on to future generations. If structured properly, the assets of a Dynasty Trust pass with minimal gift, estate or generation-skipping transfer tax consequences. As we approach the sunset of the temporarily doubled Applicable Exclusion Amount, practitioners and clients should consider whether a Dynasty Trust makes sense for them. The post Do You Want to Discuss Dynasty Trusts? appeared first on Progeny Law Firm. http://dlvr.it/T2TWzT
Read more