The Thanksgiving holiday week is well-known to be the heaviest travel time of the year, bringing families and friends together from near and far. While you have them gathered in one place, it’s also the perfect time to talk about estate planning matters with your family. A big piece of the discussion is understanding how […]
If you’re a gun owner, having a plan for what happens to your gun is just as important as planning for the distribution of your possessions and assets if you become incapacitated or pass away. Creating a gun trust is the best way to legally and safely manage and transfer certain regulated weapons. What […]
A Qualified Personal Residence Trust (QPRT) can be a useful estate planning tool for strategically reducing gift and estate tax burdens on your beneficiaries when the asset is transferred. How QPRTs Work: A QPRT is an irrevocable trust. Once you transfer a property into the trust, you will not be able to take back ownership. […]
Most people are aware that disinheriting someone is the intentional act of preventing a person from receiving a share of the deceased’s estate. But “accidental” or “unintended” disinheritance is what happens when someone fully intends to leave assets to a family member, but improper or inaccurate estate planning practices result in that person being disinherited, […]
Most people are familiar with the basic needs of an estate plan: Will, Revocable Living Trust, Durable Power of Attorney and a Living Will or Health Care Power of Attorney. But high net worth estate planning requires individuals to also ensure that their estate plans are sophisticated and thorough enough to protect larger assets like […]
With the expected gift tax changes looming on the horizon, many clients are looking at ways to restructure estate plans to avoid estate and gift taxes. In this post, we’ll look at a few estate planning gifting strategies to consider: Family Trusts, Gifting Plans, Life Insurance Trusts, Grantor Retained Annuity Trusts (GRATS), and Spousal Limited […]
The estate and gift tax exemption amount (currently $12.92 million per individual and $25.84 million for married couples) reverts to its pre-2018 levels (adjusted for inflation), if Congress fails to act prior to December 31, 2025. Projections vary, but it is estimated that the 2026 estate and gift tax exemption could be as low […]
While most people don’t get excited about the idea of estate planning or setting up wills and trusts, it’s an important task that’s better started sooner rather than later, especially given the common complexities of finances and family dynamics. Having an estate plan in place ensures your property and assets are distributed according to your […]
It’s incredible how much life changes from year to year. The changes may seem small as they happen, but they can become massive transformations over time. This is especially true when marriages, divorces, births, and adoptions impact a family. That’s why reviewing your estate plan every year is especially critical. Doing so will ensure that […]
Through proper planning, a gift you choose to leave can be encouraging, inspiring, or even life-changing. There are several ways to leave behind gifts through estate planning for causes you care about. Here are some ways you can choose to give and some key things you might want to consider. A Specific Bequest for Your […]
This website provides general information about Hackstaff, Snow, Atkinson & Griess, LLC and is not intended to constitute legal advice or create an attorney-client relationship.
Terms of Use | Disclaimer | Sitemap
©2024 Hackstaff, Snow, Atkinson & Griess, LLC | All Rights Reserved.