Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys What would you think about your next-door neighbor or your nosy sister-in-law thumbing through the pages of your Will or perusing your financial records? The mere idea probably shocks and outrages you. Maybe it even embarrasses you a little. Would you be surprised to find out that after you pass away, your Will … [Read more...] about Planning Your Estate With Privacy in Mind

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys We all want to do our very best to provide for our families, both during our lifetimes and after we're gone. That is why we work hard, manage our finances carefully, and take estate planning seriously. The estate planning landscape has changed significantly in just a few years, and the opportunities are … [Read more...] about Your Family Deserves More Than an Estate Plan

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As you look back over your life, you realize just how much your parents' support has meant to you. They were there as you took your first faltering baby steps, they supported you with advice and encouragement as you navigated adolescence, and, even as you ventured into adulthood, you knew your parents would … [Read more...] about Helping Your Parents Age Gracefully

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Who hasn't daydreamed about what they'd do with an inheritance? We imagine a sudden windfall from a long-lost relative and think about the new car we'd buy, the long vacation we'd take, or the beautiful new home we'd move into. In reality, inheriting money can be a little more complicated, and it can give … [Read more...] about What to Expect When You’re Inheriting

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Estate planning. It's on everyone's "should do" list, but it rarely seems to make it to the top of the "to do" list. Maybe that's because estate planning is surrounded by myths and misconceptions. People think it's only for the wealthy, or only for the elderly. The truth is, everyone needs some form of estate … [Read more...] about Five Estate Planning Myths

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Since Congress introduced the Roth IRA in 1997, certain retirement account owners have been able to choose between two kinds of accounts with very different features. Whether a Roth is the right option for you depends on a number of factors, including your income and your savings goals. Traditional … [Read more...] about Does a Roth Make Sense for You?

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys According to the Center on Budget and Policy Priorities, only the wealthiest one out of every 400 estates owed an estate tax in 2009. For those who may be subject to estate tax, a properly-drafted estate plan can help reduce or eliminate estate taxes. It can also help to minimize capital gains and income … [Read more...] about The Estate Tax Is Not the Only Consideration in Estate Planning

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Americans are givers. In 2010, we gave more than $290 billion to our favorite causes, with the vast majority of charitable giving, $212 billion, donated by individuals or household donors. Federal tax laws regarding cash gifts to individuals support this generosity and can have a big impact on your estate … [Read more...] about Getting Value Out of Giving with Charitable Trust

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys No day is typical on a ranch. Things always seem to come up that force you to change your priorities, whether it's a cow in trouble as she gives birth, an implement that needs repairs, or harvesting a crop before the weather turns. Ranching is not an easy life, but if it's your life, there's probably no … [Read more...] about Leaving a Ranching Legacy

Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys As we retire and get ready for the next stage of our lives, many of us have a plan in place outlining what we wish to leave to our sons, daughters, grandchilden, or other loved ones, or perhaps to charity. It's imperative to review your estate plan periodically, especially if you or your spouse are getting on … [Read more...] about There’s No Time Like the Present to Review your Plans