July 20, 2020 |
Do You Think You Are Not Rich Enough to Consider the Benefits of Estate Planning?
The federal exemption for estate taxes in the United States is very generous, to the point that many people assume that they do not have ...
Learn MoreDo You Think You Are Not Rich Enough to Consider the Benefits of Estate Planning?
The federal exemption for estate taxes in the United States is very generous, to the point that many people assume that they do not have enough assets to be worried about estate planning. In 2020, that threshold is $11.58 million per individual. You might think that estate planning therefore only applies to the extremely wealthy. 
However, there are three reasons why thinking this way is problematic and why you might want to reconsider your frame of reference in deciding to move forward. First of all, you could become wealthier, particularly if most of your current wealth is in stocks. The government could also update the rules and limits for estate tax exemptions in coming years, and finally, some states have an inheritance tax.
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Blogs for Beneficiaries
March 6, 2019 |
How to Estate Plan with Gifts That Are Shared by More Than One Beneficiary
Occasionally, clients ask their estate planning attorneys about how to leave behind shared gifts. This is an especially common scenario if you wish to pass ...
Learn MoreDecember 3, 2018 |
Do Beneficiary Designations Really Matter After Your Second Marriage?
Your estate planning documents certainly need to be updated after you get married for a second or third time, but have you overlooked this common ...
Learn MoreJuly 25, 2018 |
Should I Create My Will or Designate Beneficiaries First?
If you have a limited period of time or if you are concerned about accomplishing your estate planning tasks in a particular order, there are ...
Learn MoreJune 26, 2018 |
What Happens If You Rely on Beneficiary Designations Alone to Transfer Your Assets?
Are you concerned about what will happen to your assets after you pass away? If so, you may be ahead of the curve of many ...
Learn MoreFebruary 28, 2018 |
Most Common Estate Planning Mistakes Related to Beneficiaries
Far too many people make mistakes related to their beneficiaries on their bank accounts, retirement accounts or life insurance policies. These mistakes usually end up ...
Learn MoreMarch 23, 2017 |
What’s the Difference Between Primary & Secondary Beneficiaries?
When you fill out important forms with your IRA, 401(k) or your life insurance policy, you may be asked to distinguish between a primary and ...
Learn MoreNovember 28, 2016 |
Getting Remarried? It’s Time to Update Your Estate Plan
Although there are many different things on your mind as you approach your big day and updating your estate plan may not be one of ...
Learn MoreSeptember 20, 2016 |
When an Inheritance Passes Outside the Family, What Concerns Are Raised?
Any time that someone who is not related by blood is named as a beneficiary of an asset, lawsuits are a potential concern. When you ...
Learn MoreOctober 23, 2014 | Married Without Children? An Estate Plan Can Help You Give Back
Married Without Children? An Estate Plan Can Help You Give Back
If you are married but do not have any children to pass down your assets to, look at estate planning as your opportunity to do ...
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