Category: Estate Planning

When should you review your estate plan?

Reviewing your estate plan will alert you to any changes that need to be addressed. For example, you may need to make changes to your plan to ensure it meets all of your goals, or when an executor, trustee, or guardian can no longer serve in that capacity. You’ll probably want to do a quick review each year, because changes in the economy and in the tax code often occur on a yearly basis. Every five years, do a more thorough review.

Read More »

Can a Special Needs Trust help with tax deductions?

The benefits of having a SNT are many and taxes are only a part of it. Other benefits include the ability to keep needs-based public benefits, appropriate financial and asset management,  and identifying individuals and/or corporate fiduciaries to administer the assets and advocate for the benefit of the special needs person.

Read More »

When Do I Need to Update My Estate Plan?

With the ongoing concerns related to Coivd-19, many spouses and individuals have thought their estate planning documents.  If you have already done the work to make an estate plan, now may be a good time to revisit it to ensure that you still feel the same way about what you put into your documents several years ago. 

Read More »