Tag: Estate Planning

Estate planning is not an easy task. Especially since it has a language of its own. Some terms such as “will” or “executor” may sound familiar but beyond that, you

For individuals and families who want to simplify their charitable giving while also being tax efficient, donor-advised funds (DAFs) have become increasingly popular. The total number of DAF accounts reached

Estate planning no longer solely addresses physical property and financial accounts in today’s digital world. Your estate plan must now account for all your digital assets as well. Assets such

There are two types of trusts that can be used together in your estate plan to support your favorite charity and leave a legacy for your family all at the

If your estate is large enough that estate taxes are a concern, it’s important not to own your life insurance policy at the time of your death, even if it

In estate planning, one unique tool is a family limited partnership (FLP). An FLP allows you to manage and protect your wealth while gradually transferring it to your children or

Estate planning for intellectual property is an important consideration when intangible assets make up a meaningful portion of overall wealth. While estate plans often focus on real estate, investments and

A valuable asset to have in your estate is a Health Savings Account (HSA). Withdrawals from HSAs for qualified medical expenses are tax free, the funds grow on a tax

Distributing your assets after your passing is just the beginning of what a comprehensive estate plan does. It also protects your values, voice, and loved ones during a difficult time.

You may need to file a 2025 gift tax return by April 15 if you made large gifts to family members or heirs last year. It may even be beneficial