Estates and Trusts

SECURE Act 2.0: How It Could Affect Your Retirement Plans

Aug 24 2022
u.s. capitol

There is a potential update to the SECURE Act on the horizon that could have a big impact on your retirement plans. Congress may often seem slow to act, but several laws have been proposed and passed, and they could …

Posted in Estates and Trusts, Legal Watch

4 Documents You Must Have Ready Before Your Child Goes Off To College

Jul 26 2022
Young woman moving into college dorm

If you have a child heading off to college, it can feel like there are a million things you need to get before they leave; from dorm room essentials, to textbooks, to a stash of their favorite snacks. But here …

Posted in Estates and Trusts, Legal Watch

Planning for 2022: Tax Updates for a Happy New Year

Dec 13 2021
wooden blocks showing transition from 2021 to 2022

With a new year approaching, the IRS has released 2022 figures for the federal lifetime gift and estate tax exemption, as well as the annual gift tax exclusion and others. Despite concerns that President Biden will significantly reduce the federal …

Posted in Estates and Trusts, Legal Watch

Three Essential Steps to Business Succession Planning: Step 1

Nov 15 2021
dart on bullseye

What is business succession planning? If you have been actively involved throughout your career in building your business and overseeing its continued success, thinking about retirement can call for answers to difficult questions. Your situation may involve a child who …

Posted in Business Succession Planning, Estates and Trusts, Legal Watch

Estate Planning Documents: An Overview

Sep 27 2021
grandfather and grandchild

We have compiled a list of the minimum statutory requirements for the critical estate planning documents. In addition, our attorneys make recommendations for additional steps to take in executing each document. Last Will and Testament What is a Last Will …

Posted in Estates and Trusts

Estate Planning After Divorce: Don’t Forget to Protect Your Assets!

Jul 21 2021
hands of man and woman signing papers

Your divorce is over. Your marital property has been divided, and you know what assets are yours. You are exhausted yet relieved that the process is finally over. It’s time to relax and recover, right?    Estate planning after divorce is often neglected. It is so easy to become wrapped up in the emotion of the process …

Posted in Estates and Trusts, Family Law, Legal Watch

Healthcare Power of Attorney MUST Be on Your College Checklist

Jul 12 2021
upset young woman patient discussing diagnosis with doctors

Do you have healthcare and financial powers of attorney for your college student? If you are one of the many parents making preparations to send a child off to college in the next few weeks, you probably have a list …

Posted in Estates and Trusts, Legal Watch

A Look into the History of Pride and (Tax) Prejudice

Jun 30 2021
men with wedding rings

While taxes might not be the first topic that comes to mind when someone mentions Pride Month, taxes were exactly the issue at hand when the Supreme Court held that federal level discrimination against same-sex spouses violated the Due Process …

Posted in Estates and Trusts, Legal Watch, LLG News

What Happens if I Die Without a Will?

Jun 10 2021
estate planning workbook

Most people intend to have a will in place when they die, but many never get around to drafting one and eventually pass with no formal estate plan in place. If you die without a will, the intestacy laws of …

Posted in Estates and Trusts, Legal Watch

How Much Can I Gift? A Guide to Gifting and Taxes

May 06 2021
college graduate meets up with family after ceremony

Are you planning to give a special gift to a deserving graduate? Are you curious about the tax consequences of that gift? The Internal Revenue Service provides regulations regarding the definition of a gift, how much one person may gift, …

Posted in Estates and Trusts, Legal Watch