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How Does an Irrevocable Life Insurance Trust Work?

August 5, 2023
Life insurance is often a cornerstone of a comprehensive estate plan, particularly when an estate consists of largely illiquid assets.
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IRS Announces New Lifetime and Gift Tax Exemptions

August 4, 2023
The Internal Revenue Service Today announced new inflation-adjusted limits for 2023 that will allow well-off individuals to transfer much more to their heirs tax free during life—or at death.
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What Documents are Needed in an Emergency?

August 3, 2023
If you knock time and money off the excuse list, you can take care of some important estate-planning tasks.
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Can I Contest Dad’s Will While He’s Still Living?

August 2, 2023
The contents of a person’s will and related revocable trust cannot be challenged in court until he or she has died, Maryland’s second highest court ruled last week in rejecting a daughter’s bid to revive an undue-influence challenge to her estranged and ailing mother’s decision to write her out of her will.
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How to Use Qualified Charitable Distributions in Estate Planning

August 1, 2023
A qualified charitable distribution is a direct transfer of traditional IRA funds to a qualified charity.
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Busting Some Estate Planning Myths

July 31, 2023
While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it's an important aspect of good financial planning that shouldn't be ignored.
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Why You Need a Secondary Beneficiary

July 26, 2023
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
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What are Mistakes to Avoid with Beneficiary Designations?

July 25, 2023
Here are five critical mistakes to avoid when dealing with your beneficiary designations.
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Why Is Power of Attorney So Important for Estate Planning?

July 24, 2023
Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.
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How Do I Leave Assets for Heirs?

July 23, 2023
No family is exactly like another, so here are some considerations to help you decide which distribution strategy best suits your situation, values and goals.
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