last will and testament

Misconceptions about wills and trusts often creates confusion. TCPalm recently discussed common misconceptions surrounding wills and trust in “Common misconceptions about wills and trusts.” Among the misconceptions are: Having a will means that your estate does not have to go through probate. This is completely false. In most cases, wills have to be submitted to […]

question mark

There could be a big impact on estate planning and charities. Bloomberg took a close look at what impact may occur if President-elect Trump follows through on some of his campaign statements in “Where Charitable Giving May Head With Trump.” Trump has stated that he will increase GDP growth by 4% per year, which would […]

printing calculator

Trustees need to plan for automatic termination of Great Depression trusts. Dynastic trusts from the days of the Great Depression are near expiration and planning is required, according to Wills, Trusts & Estates Prof Blog in “Preparing for Trust Termination.” Most of the trusts created at that time have mandatory termination dates at which time, […]

Money laundering

Consider carefully before making your trust the beneficiary of your IRA. For tax purposes, it is not always a good idea to designate a trust as the beneficiary of your IRA, according to the Financial Advisor in “Is Naming A Trust As Beneficiary Of A Client’s IRA A Good Idea?“. The biggest and most important […]

Happy old couple

The key reason for an estate plan is simple: protecting your family from future problems. Gathering the information to create an estate plan is probably not a pleasure. However, the reason for the estate plan is to protect your family from problems in the future, according to J Weekly in “Estate planning wards off problems […]

Giving to charity

An estate plan can put you on the path of being remembered for charitable giving. If you want to be remembered for being a charitable benefactor, you need to get started and an estate plan is a good beginning, according to the Port Huron Times Herald explains in “Plan today to make a difference tomorrow.” […]

woman looking through the window pane

Received an inheritance? It may create more problems than it solves. A person or family could actually end up with less wealth after an inheritance, according to Chase News & Stories reports in “How to make sure your inheritance is a boon, not a bust.” An inheritance doesn’t always grow a family’s wealth. The biggest […]

Doctor Examining an Elderly Patient

Reasons for decline remain uncertain. Offsetting projections of an increase, researchers have found that the rate of dementia among the U.S. population has declined by 12% in the last 24 years, according to The New York Times in “U.S. Dementia Rates Are Dropping Even as Population Ages.” While this is good news, the reasons for […]

Senior Couple on Computer

An Online will may save you some money now but you can rack up a big bill in probate. Creating a homemade will that later goes to probate may be a big disappointment, according to the Huntsville Item in “A humorous look at the danger of homemade wills.” A will is designed to pass on […]


We are facing big changes right now and more changes are likely. An estate plan should be considered as only temporarily up to date because significant changes in situations should spark a review of the plan.  Recent Treasury Department regulatory changes make it likely that your plan needs review as Wealth Management discusses in “Remind […]