Tweet One of the most serious problems financial planners encounter is clients who have no valid will. If anyone dies without a valid will, then their estate is administered under the intestacy laws of their state. In other words, their state has written a will for them. Why are state intestacy laws important to Financial [...]
Estate Planning
Tweet Much has been written about recent legislation that provides portability between spouses of the estate and gift tax exclusion amount (for deaths in 2011 and 2012). This portability allows the unused portion of a deceased spouse’s tax exclusion amount to pass to the surviving spouse. This portability allows both spouses’ exclusion amounts to be [...]
Tweet I am often asked questions about the advisability of naming a corporate fiduciary as trustee or executor rather than naming a friend or family member, or even an individual who is a CPA or certified financial planner. I confess up front that I have a strong bias in favor of corporate executors and trustees. [...]
Tweet Think it is important to do proper estate planning? Think it is important to update planning documents whenever life situations change? I do too. But the bigger question is what do your clients think and have they gone beyond thinking about it to doing it? This link takes you to an interesting article about [...]
