Elder law and estate planning serve two different — but equally vital — functions. One main difference is that elder law is focused on preserving your assets during your lifetime and managing health care issues that arise or incapacity issues, while estate...
The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12 million per individual. The IRS’s announcement that the annual...
Limited Liability Companies (LLCs) are an important tool for small business owners, but they can also be useful in estate planning. An LLC can help you pass assets to your children while avoiding gift and estate taxes. An LLC is somewhere between a partnership and a...
It’s an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods, and hurricanes, the chance that you could lose your house and possessions has become more possible. In the event of such a calamity, it is...
Many believe that estate planning is simply instructions on how to distribute your assets when you pass away, but the reality is that proper estate planning can do much more. While one major benefit of estate planning is to provide for your family and friends when you...
Britney Spears’s legal fight to wrest back control over her personal and financial affairs has flooded the issue of guardianship in lights. While a full guardianship may be necessary for many individuals who are incapable of managing their own affairs due to dementia...
