Aretha Franklin’s death affirms the importance of Estate Planning

Aretha Franklins death affirms the importance of Estate Planning

Aretha Franklin’s passing last week was a devastating loss for admirers of the Queen of Soul. Both a music icon and civil rights activist, the legendary Detroit singer blazed a trail with her distinctive vocal style that earned her the number one spot in Rolling Stone magazine’s list for “The Greatest Singers of All Time.” Leaving […]

Grantor Trust Triggers

Grantor Trust Triggers

One of the more important issues in trust law is whether any particular trust is considered to be a grantor or non-grantor trust for tax purposes. The differences between the two are set forth in the Internal Revenue Code and can be rather complicated. A grantor trust is a trust in which the individual who […]

What to Gift

What to Gift

The recently passed tax reform law doubled the lifetime gift tax exemption from previous levels. However, the exemption is scheduled to revert back to the prior level in a few years. If you want to take advantage of the increased limit, then you need to act quickly. It is not always a good idea to […]

The Positive Death Movement

The Positive Death Movement

Death has typically been a taboo subject in our culture. We all know that it will eventually happen to us, but we generally do not like to think or talk about it. Even those people who have strong religious beliefs that they will go to a much better place after they pass away do not […]

Where to Start with Your Will

Where to Start with Your Will

People often hesitate to create their will because it can seem like an overwhelming task to decide where you want your property to go after you pass away. There are many things to think about, and people sometimes put off these decisions because they are just not certain about everything. For this reason, it is […]

Disinheriting a Child

Disinheriting a Child

Sometimes parents think they have no other choice but to disinherit one of their children. This decision  can be for many different reasons, such as the child’s criminal behavior, drug use or due to a complete breakdown in the parent-child relationship. Typically, disinheriting a child is not something people undertake lightly. To make sure they […]