Estate Planning Archives

  1. Healthcare Directives (Living Wills)

    If you are planning to hire an attorney to prepare an estate planning package, make sure that you at least consider including a healthcare directive as part of that process.

  2. Estate Plan Law Changes

    President Obama is proposed to change the stepped-up basis rules. Under current law, assets held until death aren’t subject to those levies, creating an incentive for wealthy people to hold onto them. Heirs only have to pay capital-gains taxes when they sell and only on the value above what the assets were worth at death and Obama wants to assess capital gains on these inherited assets.

  3. Estate Planning for the New Year

    The new year is a good time to review your estate plan or, if you do not have one yet, to plan for your will, powers of attorney and healthcare directive.

  4. The Estate Tax After the Fiscal Cliff Deal

    Analysis keeps pouring in about how estate planning has been affected by the recent deal in Washington to avoid the Fiscal Cliff.  Rather than re-write it all, I think this article provides a great summary of the impact of this deal.  Overall, this deal has eliminated much of the uncertainty that we have been dealing…

  5. Predictability and the Estate Tax

    The fiscal cliff deal had a surprising result.  It actually solved a problem.  All of the uncertainty surrounding the estate tax over the last few years is finally over.  This article from the New York Times explains it well but, for now, most Americans do not have to worry about an estate tax liability on…

  6. Fiscal Cliff and the Estate Tax

    I am very relieved to find out that the bill just passed by Congress to avert the fiscal cliff finally dealt with the federal estate tax and removed much of the uncertainty that we have been dealing with for the last two years.  Here is a quick summary from Forbes: ESTATE TAX:  Always of significant…

  7. Thoughts on the Fiscal Cliff

    With all of the talk about the so-called “fiscal cliff”, I feel as if the long-term issues that we face as a county are not part of the discussion among the political class who run our country.  I highly recommend everyone invest some time to read articles like this one.  The fiscal cliff is just…