Although readers of this estate planning blog may have heard that trusts can be used to minimize taxes and preserve assets, it can always be helpful to provide specific examples. As a preliminary matter, there are benefits available even if an estate is below the...
Month: August 2014
Late actor’s estate utilized an irrevocable land trust
Although readers may have reservations about the permanency of irrevocable trusts, a recent story illustrates the benefit that this choice can provide.The context is one of tragedy: Robin Williams’ estate. Although the beloved Hollywood actor’s passing may...
Estate planning can even be addressed in prenuptial agreements
It’s never too early to start conversations about estate planning. In fact, a recent article suggests that estate planning might even begin before a couple gets married, concurrent with any prenuptial agreement discussions.There are several scenarios where it...
New retirement plan feature may impact estate planning
Advances in medicine have unfortunately been accompanied by rising costs of healthcare and medication. Consequently, any serious discussion about estate planning must include a projection of retirement needs. More than ever, the prospect of outliving savings and...
