Estate Planning is Not Just About Estate Taxes
MSNBC recently wrote about the wealthy not creating estate plans because many of their estates fall under the estate tax exemption. In 2015, the estate tax exemption is $5,430,000 per person (meaning $10,860,000 per couple). Prior to the 2000s, estate planning was focused on estate taxes; however, with the higher exemption limits, most families will […]
Year End Estate Planning Reminder #1
The end of the year, combined with the holidays and seeing family, is as good as a time as ever to review your estate plan or get an estate plan. This week I plan to write about some reminders that you should think about as the end of the year is close in order to […]
Using a 529 College Savings Account for Estate Planning
Marketwatch has an interesting article on how you can use a 529 College Savings Account as part of your estate planning process. Estate planning is all encompassing so it is important to use a variety of tools to give gifts, minimize taxes, and make your wishes known. The article discusses the importance of using a […]
Mistakes in Philip Seymour Hoffman’s Estate Planning
Celebrity deaths are often followed by a very public battle between heirs over the celebrity’s assets, fame, and residual income. This CNBC article entitled “Here’s Why Philip Seymour Hoffman’s Will is a ‘Mess’” helps others not make the same mistakes. Mistake Number 1 Hoffman’s will is over a decade old. Wills should be changing documents […]
