Estate Planning Archives

Charitable Giving Through Your Estate: How to Leave a Legacy

Incorporating charitable giving into your estate plan is not just a way to reduce taxes; it's a powerful method to leave a lasting impact on the world and shape your legacy. Whether supporting a cause close to your heart, contributing to community development, or advancing research in a specific field, charitable donations can reflect your…

Common Mistakes in Business Succession Planning and How to Avoid Them

Business succession planning is a critical, strategic process for ensuring the smooth transition of management and ownership of a business when the current leader retires, decides to leave, or passes away. However, the journey to a seamless succession is fraught with potential pitfalls that can significantly undermine the future stability and growth of the business.…

Estate and Trust Administration: Duties of a Trustee

When it comes to managing an estate or a trust, the role of a trustee is both significant and multifaceted. A trust is a legal arrangement that allows a third party, or trustee, to manage assets on behalf of beneficiaries. These arrangements are pivotal in estate planning, offering a way to ensure that assets are…

Estate Matters Update: Look Out For Lawsuits Looming In Joint Ownership

There are so many stories about family feuds, fights and lawsuits over inheritances. Some stories have happy endings and others are tragic. This is Installment #1 in a series about situations you can identify to know when the seeds of an inheritance lawsuit may be taking root in your family garden. Today we’re looking at what looms behind…

Estranged, not Divorced–Could She Inherit?

Question: I am married but separated, even though it's not a legal court separation. I guess we're more like, estranged. Love him but can't live with him, you know. My husband just inherited $750,000 from his aunt. He doesn't have a Will, so when he dies would I inherit any or all of this? As…