Avoid These Mistakes When Setting Up a Trust
When setting up a revocable trust, you need to be diligent about asset transfers, beneficiary designations and funding formulas. Failure to complete certain steps can prevent the trust from acting...
Setting up a Medical ID on Your Phone
You may already be familiar with the idea of setting an “in case of emergency” contact that displays on the lock screen of your phone to let emergency personnel know...
Naming a Guardian for Your Children
Resist the urge to avoid naming a guardian as part of your estate plan simply because it’s not easy to imagine someone else raising your children. If you don’t, you...
Life Insurance Trusts: Fund or Collapse?
An Irrevocable Life Insurance Trust (ILIT) has long been a fundamental tool for managing federal estate tax liabilities. But with a sizable increase in the federal estate tax exclusion, some...
Four Strategies to Reduce Estate Taxes
It’s one of the most frequently asked questions we hear at KLG Estate Planning & Probate Attorneys: How can I minimize estate taxes? The good news is that there are...
Five Tips to Minimize Estate Disputes
In a world where baby boomers are retiring at a rate of 10,000 per day, in the coming decades, tens of billions of dollars in assets will be transferred from...
Passage of SECURE Act Anticipated by Year-End
Estate planners have been watching Congress closely, waiting to see what will happen with the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The legislation, designed to boost Americans’...
Estate Planning Checklist – Your Ultimate Guide
The future is unpredictable and we understand that you want your family to have a secure and comfortable life even when you are incapacitated. The objective of estate planning is...
10 Common Estate Planning Mistakes to Avoid
Estate planning is confusing to most people and most do not have a plan in place. Many people take for granted that their assets will go to the right place...