Estate planning is not a one-size-fits-all practice. What is appropriate for you may not be appropriate for your friend, brother, or neighbor. I can’t count the number of times a client has said “my friend told me I need a trust,” only to find out the client didn’t know what that meant or why it […]
Creating certainty during an uncertain time
I read a very interesting article last week regarding the necessity of doing some end-of-life planning amid the current pandemic. The article centered around a 75-year-old Washington woman who contracted COVID-19 and as a result, passed away. The article discussed her advanced health care directives and end-of-life planning. Planning that allowed family members to implement […]
Assemble the pieces while you are still here: 8 Reasons why you should create an estate plan.
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which doubled the federal estate tax exemption. Now, upon death, an individual can pass $11.4 million free of estate taxes and a married couple can pass $22.8 million. With the federal exemption so high, it is easy to ask, “Why on earth […]
