More and more clients are coming to us owning cryptocurrency. Cryptocurrency is a unique asset and how to handle this asset is unique as well. Cryptocurrency isn’t a common asset left in an estate like a bank account, and many people are unfamiliar with digital currency. By leaving a detailed guide on how to access…
A Trust Beneficiary is in Prison for a Felony: Is the Trust Exposed to Creditor Liability? Recently, a client contacted our office because one of their trust beneficiaries was convicted of a felony and sent to prison. The client wanted to know what happens to the beneficiary’s interest and whether it could be accessed by…
Have you wondered what the federal landscape of estate tax has looked like over the last twenty years? It is helpful to have an understanding of current law and future changes in the law when planning your estate. Please get in touch with us if you have any questions about estate tax and how your…
The United States Supreme Court legalized same-sex marriage in 2015. Prior to the landmark decision in Obergefell v. Hodges, some states were allowed to deny marriage licenses and spousal benefits to same-sex couples. Now, all states are required to issue licenses and recognize legal marriages of all couples. Benefits include federal income tax benefits, retirement…
The amount of money you can pass to your family through your estate is at an all-time high. But it will go down by at least 50% in 2026. Then big tax bills will be owed by your family. Right now, if you were to die, the government allows $11.7 million of your estate to…
What documents have taken on more immediate importance as the pandemic continues? Here is a list of documents to seriously consider dealing with immediately: Advance Health Care Directive — This document names someone to make health care decisions for you. You can describe your preferences for end-of-life care. Last Will and Testament — This document…
You might be surprised to learn that you probably do have an estate. Virtually anyone who owns anything has an “estate.”
