by hoodlawkc | Estate Planning
You may be familiar with traditional estate planning techniques like establishing a revocable trust or executing durable powers of attorney for property or healthcare decisions. These are extremely important documents and we would be happy to assist you with any...
by hoodlawkc | Probate, Estate Planning
Frequently, people die who have done no estate planning, or their estate planning did not fit their various situations. Because of this, they may have been unsuccessful in achieving one of the chief goals of estate planning: the avoidance of probate. Probate can be...
by hoodlawkc | Estate Planning, Business Planning
Nearly every estate plan will include two versions of the same indispensable document – the durable power of attorney, or DPA, for property decisions and for health care decisions. The durable power of attorney allows a person to delegate decision making authority to...
by hoodlawkc | Estate Planning, Business Planning, Living Trust, Tax Planning
The Estate Tax Portability Feature is Now Permanent – Should You File Form 706 Even If It Is Not Required? One of the biggest developments in the estate and gift tax field to come out of the recent tax act (American Taxpayer Relief Tax Act Of 2012) is the permanence...
by hoodlawkc | Estate Planning, Business Planning, Living Trust
Estate planning for digital assets has become a popular topic of late for the estate planning community. These are just a few of the articles you may find of interest: See, e.g., Beyer & Griffin, Estate Planning for Digital Assets Beyer and Cahn: When You Pass...
by hoodlawkc | Estate Planning, Business Planning, Living Trust
In my previous entry, I indicated that there are, as a general rule, no income tax disadvantages to holding property in a revocable trust. Prior to that, I indicated that a revocable trust does not offer any income tax advantages. Notwithstanding the above, there is...
