Similar Posts
Estate Planning and Elder Law: Tax Planning in 2018
On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate, and generation-skipping tax credits will shelter gifts and estates up to $11.2 million…
The Forgotten Step in Estate Planning: Beneficiary Designations
Individuals often believe that a last will and testament is sufficient estate planning. However, a complete estate plan includes a last will and testament and planning for incapacity with a financial power of attorney and an advance health care directive. In some cases, a revocable living trust will also be included in the estate plan….

You’ve Been Named a Trustee: Overwhelmed? We’re Here to Help!
Being named a trustee is an honor, but it also comes with significant responsibilities that can feel overwhelming at first. As a trustee, your primary duty is to preserve and manage trust assets, ensure proper distributions according to the trust’s terms, maintain clear financial records, and communicate regularly with beneficiaries. You must remain impartial, especially…
Avoid Capital Gains Tax by Rethinking the Credit Shelter Trust
Estate planning attorneys have traditionally employed a number of strategies designed to minimize or eliminate estate tax liability for their clients. While many of these strategies increased capital gains tax liability by forfeiting a basis step-up, with federal estate tax rates of up to 40%, capital gains tax was the preferable tax to pay. Changes…
Estate Planning and Elder Law: Tax Planning in 2018
On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate, and generation-skipping tax credits will shelter gifts and estates up to $11.2 million…
The Forgotten Step in Estate Planning: Beneficiary Designations
Individuals often believe that a last will and testament is sufficient estate planning. However, a complete estate plan includes a last will and testament and planning for incapacity with a financial power of attorney and an advance health care directive. In some cases, a revocable living trust will also be included in the estate plan….

You’ve Been Named a Trustee: Overwhelmed? We’re Here to Help!
Being named a trustee is an honor, but it also comes with significant responsibilities that can feel overwhelming at first. As a trustee, your primary duty is to preserve and manage trust assets, ensure proper distributions according to the trust’s terms, maintain clear financial records, and communicate regularly with beneficiaries. You must remain impartial, especially…
Avoid Capital Gains Tax by Rethinking the Credit Shelter Trust
Estate planning attorneys have traditionally employed a number of strategies designed to minimize or eliminate estate tax liability for their clients. While many of these strategies increased capital gains tax liability by forfeiting a basis step-up, with federal estate tax rates of up to 40%, capital gains tax was the preferable tax to pay. Changes…
Estate Planning and Elder Law: Tax Planning in 2018
On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate, and generation-skipping tax credits will shelter gifts and estates up to $11.2 million…
The Forgotten Step in Estate Planning: Beneficiary Designations
Individuals often believe that a last will and testament is sufficient estate planning. However, a complete estate plan includes a last will and testament and planning for incapacity with a financial power of attorney and an advance health care directive. In some cases, a revocable living trust will also be included in the estate plan….

You’ve Been Named a Trustee: Overwhelmed? We’re Here to Help!
Being named a trustee is an honor, but it also comes with significant responsibilities that can feel overwhelming at first. As a trustee, your primary duty is to preserve and manage trust assets, ensure proper distributions according to the trust’s terms, maintain clear financial records, and communicate regularly with beneficiaries. You must remain impartial, especially…
Avoid Capital Gains Tax by Rethinking the Credit Shelter Trust
Estate planning attorneys have traditionally employed a number of strategies designed to minimize or eliminate estate tax liability for their clients. While many of these strategies increased capital gains tax liability by forfeiting a basis step-up, with federal estate tax rates of up to 40%, capital gains tax was the preferable tax to pay. Changes…