Tax Issues for the Children Problem: If you have an A-B Trust which mandates the division of the Trust estate on the death of the first spouse, you are probably creating tax issues for your children or Trust beneficiaries. If you are a surviving spouse with an A-B Trust which has already been divided, you…
It is rare when I feel that Court action is necessary for estate planning objectives, but this is one instance when I do. Do you recall when the federal estate tax exemption was $600,000 per person? Subsequently, it was raised to $750,000 per person. We were doing a lot of A-B Trusts and dividing real…
Attention all procrastinators! We need to talk. There is something you have been putting off and don’t quite understand. Over the next thirteen weeks, we are going to be talking about Estate Planning. That’s right, the subject you’ve been postponing because it makes you face the reality of life, which includes aging, death and possibly,…