Articles & Information

How Incomplete Non-Grantor Trusts can Help Avoid State Income Taxes

Date posted: January 15, 2019

With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers — particularly those who live in high-income-tax states — may want to consider incomplete non-grantor trusts, which make it possible to eliminate state taxes on […]



Automatic Extension Available for Making Portability Election

Date posted: January 11, 2019

Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own transfers during life or at death. To secure these benefits, however, the deceased spouse’s executor must have made a portability election on a timely filed estate tax return. The return is due nine months after […]



A Pre-Nup or a DAPT: Which is the Better Choice?

Date posted: January 8, 2019

If you or one of your adult children is getting married, you may be concerned about protecting your family’s assets in the event of a divorce. A prenuptial agreement can be an effective tool for overriding marital property rights and keeping assets in the family. But these agreements have disadvantages. For many families, a better […]



College-Aged Children Need a Basic Estate Plan

Date posted: January 3, 2019

If your son or daughter currently is home from college on winter break, now is a good time to sit down and discuss a few estate planning documents he or she should have at this stage of life. Let’s take a closer look at four such documents: Health Care Power of Attorney. With a health […]



Does your Estate Include Intellectual Property?

Date posted: December 30, 2018

If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same goes for any copyrighted works. These assets can hold substantial value, and, thus, must be addressed by your estate plan. However, bear in mind that these assets are generally treated differently than other types of property. […]