Category: Foundational Estate Plans
A single winning ticket was sold in Rhode Island for the $336M Powerball lottery drawing a little while back. The winner has stepped forward to claim her prize. Her name is Louise White and she is described as a “vivacious” 81-year old. Here is the news article. Ms. White claimed the prize on behalf of […]
One of the topics I discuss in my initial client meetings is the federal estate tax and its future. Over the years, the discussion has had to change as the landscape of federal estate tax changes. I’m often asked what I think Congress will do in the future with the estate tax…and the truth is…I […]
Last month, Congress passed a broad tax law that included estate tax provisions increasing exemption amounts to $5 million per person. The new law, now known by an acronym that, if I write it here, will have you fleeing to another site — it’s that boring — also includes a provision that allows an individual […]
I work with a fair number of financial advisors, insurance professionals and CPA/accountants. One of the services I provide for those valued planning partners is to review their client’s existing estate plans (where I was not the attorney or scrivener) and give my opinion on the documents they have. The review is my way of […]
Are you confused about life insurance and how it plays into your estate plan? Many people have misconceptions about life insurance and whether it passes estate tax free or not. Watch this short video to learn the basics.