Estate Planning

A charitable bequest is a gift made through your will or trust to a nonprofit organization. It can take several forms: specific bequest, percentage bequest, residual bequest, and contingent bequest.

The One Big Beautiful Bill Act (OBBBA), passed on July 4, 2025, ensures that more estates can pass wealth to heirs and charitable causes without triggering federal estate taxes.

A TOD allows the owner of real property to execute a deed which designates a beneficiary to receive the real property upon the death of the owner, the goal being to avoid probate upon the owner’s death.

Do tax law changes make your Will or Trust invalid? No! However, amendments to the Will or Trust may be needed to comply with the new laws or may be needed to make sure you get the most benefit from the new laws.

The Trustee has the responsibility of managing the Trust assets. Ideally, the Trustee should be someone who can keep records and follow the instructions of the Trust document.

Both Wills and Trusts are devices that you can use to provide for the distribution of your estate upon your death. Deciding whether a Will or a Trust best fits your needs depends on your circumstances.

Estate planning is essential since the largest tax bill often comes in the form of estate taxes after your death. One of the biggest questions people have when setting up their estate plan is how to pass on the estate to their surviving spouse with the minimum tax burden.

If your kids have finished college, your mortgage is paid off (or you plan on downsizing), and your retirement savings are on track, you may no longer need your life insurance policy. Still, there are reasons you might want to keep it.

Estate liquidity refers to the ability of your estate to pay taxes and other costs that arise after your death using cash and cash equivalents. If your property is mostly illiquid, your estate may be forced to sell assets to meet its obligations as they become due.

A digital asset is any item or information that is stored electronically. Most commonly, this means your logins, passwords, PINs, and anything contained within an online account. What happens to these accounts when you die? The answer depends on the type of account and whether you have included its assets as part of your estate plan.