The Heckerling conference, the largest conference for Estate Planning in the country, occurred last week in Orlando, FL. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. The SECURE Act was the biggest topic this time. Read on to learn more. … [Read more...] about Estate Planning Conference Discusses SECURE Act and More
Blog
Consider a Life Insurance Trust
Before we share some details about life insurance trusts, we have to provide the necessary background information about taxation and how it can impact your legacy. Here in the United States, we have a federal estate tax that can have a huge impact, because it carries a draconian 40% maximum rate. It is only a factor for wealthy people, because there is an $11.58 million exclusion. You can transfer this much tax-free before the estate tax would become applicable. The federal estate tax can … [Read more...] about Consider a Life Insurance Trust
Essential Elder Law Information Regarding Social Security
Elder law attorneys help people prepare themselves for their senior years, and income is certainly going to be a huge part of the equation. Most people will not be able to live comfortably on Social Security alone, but it is an important piece to the puzzle, so you should know exactly what to expect. Before we proceed, we should point out the fact that you can register your account on the Social Security Administration website to find out the path that you are on at any given time. Work … [Read more...] about Essential Elder Law Information Regarding Social Security
Planning for the SECURE Act
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. The first article in this series examined the SECURE Act. This article examines some planning strategies for dealing with the SECURE Act. Read on to learn more. … [Read more...] about Planning for the SECURE Act
What Is a QDOT?
There are many acronyms used in the field of estate planning, and one of them is “QDOT.” It stands for a legal device called a qualified domestic trust. Before we look into the value of qualified domestic trusts, we should examine the federal estate tax, because this type of trust would be used by some people who are exposed to it. The estate tax can pose a significant threat to your financial legacy, because it carries a very hefty 40 percent maximum rate. Everyone does not pay the tax, … [Read more...] about What Is a QDOT?
