Estate Planning

While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.

Powers of attorney that only allow an agent to do certain things are commonly referred to as a limited power of attorney.

If you wish to maintain control during your lifetime over the assets you place in a trust, you may choose to establish a revocable, or "living" trust – most likely, along with a pour over will.

If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan.

"Decedent" is a legal term that refers to a person who has died with unsatisfied legal obligations.

A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period.

Totten trusts, or payable-on-death bank accounts, are an estate planning tool that allows you to transfer money to a chosen person upon your death.

Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax annual and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases.

Although estrangement can significantly impact individuals’ lives, it is not a legal term and, in many cases, might not have a legal effect.