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advance planning

Recent Posts in advance planning Category

  • DON'T LET YOUR FAMILY FIGHT OVER GUARDIANSHIP

    Getting a General Durable Power of Attorney is one of the most important things that you can do as part of your overall estate plan . You should consider the possibility that you might be incapacitated and unable to look after your own interests in the latter years of your life. If you do not plan ahead, then someone else will have to go to court and ask for guardianship over you to protect your ...
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  • PLANNING FOR COLLEGE TUITION

    College is extremely expensive and the cost keeps rising. Parents and grandparents routinely struggle with how they will pay for their children or grandchildren’s college education. If you plan ahead, you can make paying for the college education a part of your larger estate plan . You have many different options. The traditional way to pay for a college education is by setting up a Trust. This ...
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  • Gift Giving Provides Tax Flexibility

    One of the big changes that the new year is going to bring along that has an impact on estate planning is the return of the estate tax. One of the provisions of the sweeping tax cuts of 2001 was a repeal of the estate tax in 2010, but it will be returning again in 2011. This in and of itself is highly relevant, but in addition to its mere reappearance, the estate tax exclusion amount in 2011 will ...
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