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Revocable and Irrevocable Trusts – What’s the Difference?

By |2021-08-23T10:39:50-07:00August 17th, 2021|Estate Planning|

While most of us have heard of “trusts,” few understand the differences between the various types of trusts, specifically revocable and irrevocable trusts. When it comes to estate planning, these two types of trusts are discussed most often. However, the differences between these types of trusts—and when (and how) they should be used—is where [...]

Digital Estate Planning: The Importance of Planning for Your Virtual World

By |2021-07-26T08:15:42-07:00July 26th, 2021|Estate Planning, Power of Attorney|

We live in a digital world, where almost everyone has an online presence, as well as multiple passwords across multiple platforms. Even to simply sign on to a computer or cell phone normally requires some sort of password...with an uppercase letter, lowercase letter, number and a special character involved. By including digital assets in [...]

7 Reasons to Update Your Estate Plan

By |2021-06-30T07:16:06-07:00June 30th, 2021|Estate Planning|

One of the biggest mistakes that someone can make in terms of estate planning is not updating their plan after certain life events. There are several common life situations that may require you to update your estate plan: You moved to another state. Estate planning laws vary state by state. Make sure that when [...]

How Biden’s Tax Proposal Changes Could Affect Your Estate Plan

By |2021-06-03T16:29:41-07:00June 3rd, 2021|Estate Planning|

While on the campaign trail, then-presidential candidate Joe Biden presented a tax plan that promised to return the federal estate and gift tax exemption to its pre-Tax Cuts and Jobs Act (TCJA) amount of $5.85 million, and to increase capital gains taxes on upper-income individuals (among other provisions). Instead, when he announced the “American Families [...]

Top Four Estate Planning Mistakes to Avoid

By |2021-05-28T15:47:23-07:00May 28th, 2021|Estate Planning|

When it comes to estate planning, even the smallest error can cost you. It’s not just your life’s work that is at stake, but your family’s long-term well-being and, in the worst of cases, your family unity. Oversights in your estate plan may not only be costly but can also provoke irreparable conflict among loved [...]

Estate Planning 101: Power of Attorney Explained

By |2021-06-25T04:44:34-07:00October 21st, 2020|Estate Planning, Power of Attorney|

Ask the average person what they know about estate planning and you’ll probably hear something about last wills and testaments. These are the most well-known documents associated with the subject, after all, but they are far from the only ones that matter. Trusts, advance directives, and power of attorney documents are just as essential. Indeed, [...]

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