Nov 12, 2020 | Estate Planning, Uncategorized
Naming the Right Executor November 25, 2020 The executor’s role is critical to the administration of your estate and the achievement of your estate planning objectives. So your first instinct may be to name a trusted family member as executor. But that...
Nov 9, 2020 | Estate Planning, Uncategorized
Estate Planning and Your Art Collection November 19, 2020 If you’re an art collector, it’s critical for your estate plan to address your collection separately from other types of assets. Investments in artwork may be motivated in part by potential...
Oct 29, 2020 | Estate Planning, Uncategorized
Don’t Forget to Make a Portability Election November 10, 2020 Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his or her own transfers during life or at death. For 2020,...
Oct 13, 2020 | Estate Planning, Uncategorized
Is a Non-charitable Purpose Trust Right for You? October 15, 2020 There are two trust types that don’t require one or more human beneficiaries: charitable trusts and noncharitable purpose (NCP) trusts. A charitable trust is the more common of the two,...
Oct 1, 2020 | Estate Planning, Uncategorized
Risks and Costs of Borrowing from a Retirement Plan October 8, 2020 The COVID-19 pandemic has resulted in many people borrowing from their companies’ qualified retirement plans, and the CARES Act provides some temporary rule changes to this loan type....
Sep 30, 2020 | Estate Planning, Uncategorized
Transferring Ownership of Your Life Insurance Policy October 1, 2020 Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring ownership of the policy, but there’s a catch: If you wait...
