estate

Grandchildren, Trusts, and Estate Planning

  One of the most preferable ways of leaving assets behind for your grandchildren is to name them as beneficiaries in your will or a trust. Trusts are useful because they make it possible for you to control your assets even after your die. Through a trust, you can state how you want the money […]

Read More

Estate Planning When You Remarry

Many marriages are blissfully successful, but many end in divorce. According to the American Psychological Association, 40-50% of first marriages end in divorce. For second marriages, the rate is higher, with 60-67% ending in divorce. This is a sobering statistic for someone considering remarrying. Marriages that create blended families, those that include children from prior […]

Read More

The Step-Up in Basis Rule is an Heir’s Best Friend

If you receives assets that were included in a person’s estate, you get a stepped-up cost basis.  That means that you determine any gain or loss on the future sale of that asset using the date of death value of the person from whom you inherited the asset. The step-up tax adjustment has been under […]

Read More