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How often do you need to update your estate plan? As often as your Resume?

Posted on: July 15th, 2016
A resume is a 'snapshot' of your experience, skill set, and education which provides prospective employers insight into who you are and how you will perform. Imagine not updating that resume for 5, 10, or even 15 years. Would it accurately reflect who you are? Would it do what you want it to do? Likely not. Estate plans are similar in that they need to be updated on a regular basis to reflect changes in your life - and to do what you want them to do. ...

The importance of funding your revocable living trust - the Michael Jackson Issue

Posted on: May 14th, 2016
While Jackson created a trust to care for his children and other family and friends, he never actually funded it. The result? Embarrassing and seemingly endless probate court battles between family members, the executors, and the IRS....

2016 Estate Planning Update -- Trust Wills and Tax

Posted on: December 15th, 2015
The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant and your attorney help you plan as 2015 comes to an end....

Current Estate Planning Framework

Posted on: September 25th, 2015
state planning has truly evolved over the past 20 years. In fact, today's estate planning is more complicated than ever before....

3 Common Myths and Misconceptions about Estate Plans

Posted on: June 30th, 2015
Like any other complex subject, estate planning has its share of myths and misconceptions. Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it's needed. Estate Planning Myth #1 - You Don't Need an Estate Plan Because Your Spouse Will Inherit Everything Estate Planning Myth #2 - You Don't Need an Estate Plan Because Your Family Knows Your Final Wishes Estate Planning Myth #3 - Once You've Created Your Estate Plan, It's Done ...

Three Estate Planning Mistakes Farmers and Ranchers Make

Posted on: May 26th, 2015
Farming or ranching is more than a means of livelihood - it is about preserving a legacy and unique way of life. Unfortunately, many farmers and ranchers fail to make an estate plan. The farm or ranch that has been passed down for generations then ends up being sold and converted into non-agricultural use, cutting the legacy short and ending the family's unique lifestyle choice....
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