estate planning

Aretha Franklin: Too Much Estate Planning

Too little estate planning can put your heirs in a bind and tie up your estate in time-consuming and costly probate litigation. But as the legal saga of Aretha Franklin’s estate shows, too much estate planning—in particular, planning that introduces uncertainty about your final wishes—can also be problematic.After her death, there are lessons to learn [...]

2024-05-10T12:57:05+00:00Estate Planning, Trusts, Wills|

Gloria Vanderbilt: No Trust Fund Kids for Her

We are at the precipice of what is being called “The Greatest Wealth Transfer in History,” as baby boomers are set to pass down $84 trillion to younger generations.1 Every parent wants to see their children succeed. But some may wonder whether an inheritance will help promote or hinder the future success of their children. [...]

2024-05-10T12:39:52+00:00Estate Planning, Trusts, Wills|

Let’s Do the Math: How Does the Generation-Skipping Transfer Tax Work?

You may have considered creating a trust to transfer wealth to your grandchildren and great- grandchildren. But you may not have considered how the generation-skipping transfer (GST) tax could affect this inheritance. To better explain how the tax would impact a gift in trust, we are going to do some math.Generation-Skipping Transfer Tax Rate The federal [...]

2024-04-08T23:10:31+00:00Estate Planning, Trusts|

Leaving Money Directly to Your Grandchildren

Read on if you plan to skip a generation (your children) and make your grandchildren the beneficiaries of your estate plan.Many people are familiar with the existence and some aspects of estate and gift taxes. If you are part of a high-net-worth family, it is important to also understand the generation- skipping transfer (GST) tax [...]

2024-04-09T15:20:26+00:00Estate Planning, Trusts|

What Is a Dynasty Trust? Should You Consider One?

If you have significant wealth, one of the best ways to protect your family and transfer your wealth is through a dynasty trust. However, setting one up requires considerable financial and estate planning knowledge. Who Could Benefit from a Dynasty Trust? If you have worked hard to grow your money, property, or business and [...]


Assembling Your Own (Estate Planning) Team

Some of us may enjoy games like fantasy football that allow us to assemble our own star team with the players we think will provide the most value. While fantasy football is fun to participate in, have you thought about the importance of establishing your own dream team? Just like in fantasy football, each player [...]

2023-12-12T22:07:07+00:00Estate Planning, Taxes, Wills|
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