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Estate Tax Exemption Doubles Under New Law

If you have a high-value estate, you can breathe easy about the federal government levying an onerous tax after you pass on. Congress passed, and the President signed into law, new tax legislation that will double the amount exempt from taxation by the federal government for estates and gifts. Prior to signing the new legislation,…
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Making Sure Your Furry Friend is Taken Care Of – Benefits of a Pet Trust

For many people, a pet is like a child. In fact, family pets are often referred to as “fur babies.” Just like a child, there needs to be a plan in place to make sure they are taken care of, in case you suddenly pass on or become incapacitated. Selecting a Caregiver for Your Fur…
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Tips on What to Look For When Selecting a Trustee

If you have a trust as part of your estate plan, you will need to select someone, whether it be a friend, family member, or colleague, to serve as the trustee. This is a critical step because the trustee is obligated to ensure that your trust is administered in accordance to your wishes. What Exactly…
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“Do Not Resuscitate” Tattoo Creates Medical and Ethical Quagmire for Doctors

Doctors at the University of Miami hospital were presented with a unique ethical quagmire when paramedics brought in an unconscious man with a “Do Not Resuscitate” tattooed on his chest. The patient had a track record of serious health issues and a high blood alcohol level. He had no identification and no immediate family to…
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Inherited IRAs

IRAs and Revocable Living Trusts

When you pass on, you want your loved ones to get your assets in the most cost-effective, time-efficient manner possible. To accomplish this objective, you may be looking to avoid probate and placing a majority of your assets into a trust, including the funds in your IRA account. The risk associated with directing traditional IRA…
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