With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding estate taxes.
We’re here for your elder law needs! Elder law attorneys are there for you when you need it most. Being independent is something that we all strive for, to be able to care for ourselves as well as those we care about most to the best of our abilities. However, sometimes it’s not possible. That’s…
Many people consider transferring their home as part of the estate and/or long term care planning. When should the choice be transfer by deed to the children (with or without a reserved life estate) and when is the transfer to an irrevocable trust the better option? The short answer to the question is that…
Whether it’s an honor or a burden (or both), you have been appointed trustee of a trust. What responsibilities have been thrust upon you? How can you successfully carry them out? Do read the trust document. It sets out the rules under which you will operate, so you need to understand it completely. Do create…
