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As a Trust Beneficiary, Am I Required to Pay Taxes?

Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust's principal.

Posted on: November 29, 2019

How a Charitable Remainder Trust Works

A charitable remainder trust can be used to help accomplish numerous financial planning objectives. However, complex legal requirements must be met to secure many of the benefits a CRT offers.

Posted on: November 28, 2019

Blended Families Need More Thoughtful Estate Plans

When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.

Posted on: November 27, 2019

A Good Estate Plan Equals Peace of Mind and Peace in the Family

More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets.

Posted on: November 26, 2019

What Are the Rules About an Inheritance Received During Marriage?

An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.

Posted on: November 25, 2019

Everyone Should Have a Power of Attorney and Healthcare Power of Attorney

All it takes is one accident or medical emergency while out-of-state in Arizona or Florida this winter, for powers of attorney and living wills to pay for themselves.

Posted on: November 22, 2019

Remaining Even and Fair in Estate Distribution

We have money in savings and retirement accounts, but our most valuable asset is our home. We want to leave our property to our two children equally.

Posted on: November 21, 2019

What’s Happens to Digital Assets, When You’re Gone?

Until now, the terms of service for each individual site have determined who has ownership and access after a death and whether the assets are deleted, frozen or can be transferred.

Posted on: November 20, 2019

What is a Special Needs Trust?

Special needs lawyers can work with clients to set up individualized special needs trusts.

Posted on: November 19, 2019

What are the Major Changes to Social Security in 2020?

Four changes are taking effect for Social Security in 2020. Knowing the facts about those changes and what they mean for typical recipients will help you take maximum advantage of the Social Security program.

Posted on: November 18, 2019