Whether or not you did any estate planning during your marriage, if you get divorced there are myriad estate planning issues that you will be faced with. Once the divorce is final and a final decree is issued, it’s crucial to update your estate planning documents to reflect your new circumstances and ensure that your […]
One of the greatest gifts you can give your family is a prepared estate plan. This provides your family with clear instructions, authority, and certainty of your wishes. When considering estate planning, you might wonder, “What is a will?” A typical estate plan includes various documents, not just a will. These might include a durable […]
Understanding the Impact of Estate Tax Changes Yesterday I was talking to a client about how the tax law rules have changed since the last time we got together to review her estate plan. She mentioned how good it would be for her heirs now that the effective “estate tax exemption” is over $12 million, […]
I love the Tim McGraw song, “In My Next 30 Years.” Having practiced estate planning for 37 years, I’ve witnessed significant changes in the field. In my first 30 years, estate planning was largely driven by tax considerations—the “estate tax tail that wagged the dog.” With an $11 million exemption per person today, the estate […]
