Client Alert

Preventing family fallouts over inheritance

Even the most amicable sibling relationships can quickly turn sour when parents pass away. This is especially the case when it comes to sizeable estates and family businesses. What are the common reasons for inheritance disputes? How can parents prevent them from tearing their kids apart? Behind the scenes of inheritance drama According to Ameriprise Financial, feuds between adult children regarding their parents’ estates occur for a variety of reasons. Here […]

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Client Alert

Bourdain’s daughter to wait before receiving million-dollar estate

After the beloved and multi-talented celebrity chef and television sensation, Anthony Bourdain passed away, it didn’t take long before questions regarding his financial legacy arose. Unlike more than half of Americans and other well-known celebrities we’ve lost, Bourdain left behind a will. Now, his estate plan is at center stage and has left some wondering if it will create more problems than it is intended to solve. Bourdain’s daughter will […]

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Client Alert

Important conversations for personal representatives

How the probate process goes for a complex estate is impacted by many things. This includes the actions of the personal representative selected for the estate. This person serves many important roles during the probate process. This includes the management of the estate and its distribution. There are many conversations that it can be very important for such individuals to have during the probate process. For one, good communication between the […]

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Client Alert

Business owners need estate plans

If you are a business owner — or if you run a professional practice — it is very important that you do not put off your estate planning. Getting the results you need and protecting both your business and your family’s wealth often takes years of preparation and planning; many experts suggest starting a decade in advance. The reasoning is that your business probably accounts for a significant percentage of your […]

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Client Alert

Are you taking full advantage of this year’s new tax law?

A new tax law affecting the wealth transfer system became effective January 1st of this year. The new law, known as the Tax Cuts and Jobs Act (TCJA), offers a truly unique opportunity to transfer portions of your wealth to your loved ones with fewer tax penalties. Are you taking advantage of the new law? Tax exemption amounts increase This new law increases the annual tax exemption amount of federal estate, […]

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