When the Titanic went down in 1912, several women chose to remain on board and drown with their husbands; most famously was Ida Straus, whose family co-owned Macy’s Department Store. Although Titanic-scale disasters are extraordinarily rare, you should nevertheless include a contingency beneficiary in your will or trust in case life or death throws you […]
Estate Planning
Estate Tax Exclusion Will Rise in 2025
The start of 2025 brings notable changes to federal estate and gift tax exclusions, impacting estate planning strategies for individuals and families. In 2024, the federal estate tax exclusion is set at $13.61 million, allowing estates up to this value to avoid federal estate taxes. In 2025, this exclusion will increase to $13.99 million, offering […]
What Are Some Common Will Problems?
It’s hard to imagine one’s own death, which is why many people never write a will at all. But if you get past that hurdle, it’s important to be sure that your will is valid. Read on to discover common will problems. Here is a list of essential steps to ensure you do not […]
A Revocable Living Trust Can Cover Your Bases
Planning your estate is a crucial step in securing your family’s future. One powerful tool to consider is a revocable living trust. This legal arrangement allows you to control your assets during your lifetime and specify how they should be managed after your death. Making a revocable living trust the centerpiece of your estate plan […]
Estate Planning With Blended Families
A blended family often brings joy — there are more people to love and be loved by. As your family expands, you will want to provide for each child, whether from the previous or current marriage, and create safeguards to avoid future disagreements and potential unfair treatment. You can create an estate plan that […]
Estate Administration: Understand the Facts
Many adults in the United States neglect estate planning, leaving their loved ones with complications when the time comes. Plus, some who take action end up with less-than-ideal plans because of a lack of knowledge about estate administration. Estate planning isn’t just about documenting your final wishes. It’s also about ensuring the administrative tasks after […]
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