Estate Planning Blog

The Estate Planning Law Firm You Can Trust
Book an Inital Call Now
Sort by Category:

Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How Do Inheritance and Estate Taxes Work?

By: Nick Leydorf
elder couple working on protecting their assets
Federal estate taxes were created in 1916, taxing estates valued at over $5 million. This amount changed to $50 million in 1932. In 1940, it dropped to $10 million, then $5, then $3. In 2002-2007 estates worth more than $2 million paid the tax.
Read More ...
Posted on: April 18, 2023 |
Read More >

Planning for Long-Term Care and Taxes

By: Nick Leydorf
Elder couple with their estate planner
Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs.
Read More ...
Posted on: April 17, 2023 |
Read More >

Transfer on Death Isn’t Always a Smart Estate Planning Strategy

By: Nick Leydorf
A primary benefit of using TOD/POD designations is that assets held in the account will pass automatically to the beneficiary without having to go through probate.
Read More ...
Posted on: April 14, 2023 |
Read More >

Do Trusts Help with Succession Planning?

By: Nick Leydorf
Most estate planning starts with a will. The legal document covers what to do with your assets and provides important direction on the care for minor children.
Read More ...
Posted on: April 14, 2023 |
Read More >

Protecting Inheritances in a Blended Family

By: Nick Leydorf
As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
Read More ...
Posted on: April 13, 2023 |
Read More >

Top 10 Estate Planning Myths

By: Nick Leydorf
Everyone needs to worry about estate planning. That planning doesn’t only pertain to what happens when you die but what could happen if you end up incapacitated.
Read More ...
Posted on: April 12, 2023 |
Read More >

Coping With Terminal Illness: Getting Your Affairs in Order

By: Nick Leydorf
If you or a loved one has been diagnosed with a terminal illness, there are many things to deal with. You’ll likely be in shock, processing emotions, and wondering what you need to do to get your affairs in order. This situation will be stressful, and you may not be thinking clearly. It might help […]
Read More ...
Posted on: February 21, 2023 |
Read More >

What are the Benefits of Creating a Life Estate?

By: Nick Leydorf
Once you create a life estate, property rights vest in your heir.
Read More ...
Posted on: February 17, 2023 |
Read More >

Who Inherits TV Broadcaster Barbara Walters' Estate?

By: Nick Leydorf
Walters’s estate will be inherited by her family.
Read More ...
Posted on: February 16, 2023 |
Read More >

Does Will Have an Expiration Date?

By: Nick Leydorf
medical POA
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
Read More ...
Posted on: February 15, 2023 |
Read More >

Book an Initial Call

Let's Talk!

Schedule an available time to speak with us. We look forward to meeting with you!
Book an Initial Call

Stay Informed

Join Our eNewsletter

Stay informed and updated by subscribing to our eNewsletter!
Subscribe Now!
DisclaimerIMS - Estate Planning and Elder Law Practice Growth Advisors
Powered by
magnifiercross