Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost…
An executor is a person or entity you choose to carry out your last wishes outlined in your will. Your executor should be someone you trust is responsible enough to…
It can be said that estate planning helped create Batman. Among the superheroes, Batman is unique because he has no superpowers. Although he is trained in martial arts and possesses…
A power of attorney (POA) is a legal agreement that gives a person (agent) the ability to act on behalf of another person (principal). A common question asked about POAs is…
Do you need an estate planning team when planning a trip away? When planning your next great travel adventure, you may decide that you can do it yourself. You know…
The person you name as your executor will be accountable for a number of important tasks, even in managing the administration of a small estate. This may include filing tax…
A sole benefit trust is a helpful estate planning tool if your family has cross-generational support needs. Read on to find out more about a sole benefit trust and its…
A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person (grantor) creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for…
“Decedent” is a legal term related to estate planning and one that refers to a person who has died with unsatisfied legal obligations. At the end of their life, a…
There are various benefits to creating a testamentary trust. This article discusses the benefits of adding one to your estate plan. What Is a Testamentary Trust? A testamentary trust allows…
