Planning For Tax-Qualified Plans

Planning for tax-qualified plans, which includes IRAs, 401(k)s and qualified retirement plans, requires a careful examination of the potential taxes that impact these assets. Unlike most other assets that receive a “basis step up” to current fair market value upon the...

Stay Bonus

A Stay Bonus is an inducement to your key employees to remain with the company after your death to preserve the enterprise value of the business. It is a contract with your key employees that provides that they will receive a significant bonus in every paycheck for a...

Funding: Avoid Probate

A revocable living trust (RLT) is an estate planning tool that allows you to avoid the probate process while maintaining total control for yourself and your loved ones. Therefore, no newspaper notices or letters to heirs are required, no records become public, there...

Revocable Gift Trust

A Revocable Gift Trust is a particular type of revocable trust for educational or other specified purposes, often established for grandchildren or other close family members. This type of trust allows you, as the maker of the trust, to make gifts that are revocable...

What You Should Know About Divorce and Estate Planning

Going through a divorce is very traumatic. There can be hard feelings. There are dozens of difficult decisions to be made and papers to be signed. It creates a serious disruption of your life and it may take you some time to recover. During this time of trauma and...

What is Estate Planning?

Let’s start with what it isn’t. Estate planning is not just for the wealthy. It is not just about avoiding probate and minimizing taxes. It is not just transferring wealth at your death. It is not about which documents to use. It is not a one-time event. It is about...