Life Insurance as a Separate Asset Class

Due to the tax favored treatment of life insurance, it can be a powerful tool for high-income earners and high-net-worth individuals – even if they do not have taxable estates.

5 Tips for Managing a Long-Term Care Insurance Claim for a Parent or Loved One

Helping a parent, or other loved one, with a long-term care insurance claim can be a daunting proposition. If you follow these steps, you're more likely to get through the claims process smoothly.

Don't Let Minors Inherit Outright


Future Expected Investment Strategy Determines Value of Family Limited Partnership Interest

The disagreement was on two issues, (1) the proper valuation method to be used, either the capitalization of dividends approach or the net asset value approach (NAV), and (2) the appropriate discounts if the NAV approach is used.

Caring for Mom When You Are Far Away

woman with cane

Hiring a local care manager is one of the steps you can take to help take care of an older loved one from a distance - and its important to have that care manager identified before you need...

Estate Planning

vulnerable adults

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New Protections for Vulnerable Adults

Missouri, Delaware and Washington now have laws targeted at preventing elderly financial exploitation. Stock brokers and financial advisors have authority to report suspicious activity or even stall...

Estate Planning


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Keeping Track of Tax Basis

Why you should consider providing in wills or trusts a provision requiring the fiduciary to provide tax basis information to the beneficiaries to the extent available.

Estate Planning

Probate court

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The Doctrine of Dependent Relative Revocation May Just Save Your Inheritance

In Florida, when a will is ruled invalid, probate courts should look to older wills first to avoid disregarding a testator’s intent completely.

Estate Planning

Baby Boomers

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Living Trusts Defined

Will or trust. We hear those terms in tandem a lot when talking about estate planning. But, which is better? It depends on individual circumstances; however, more baby boomers are turning to trusts,...

Estate Planning

Mature couple with HCA

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Long-Term Care Planning: A Two-Pronged Strategy

A sound plan for an individual's Long-Term Care Planning (LTC) strategy addresses two critical components:  the financial effect and the emotional impact on family, friends, and neighbors.

Estate Planning


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Exercising Substitution Powers

Grantor Retained Annuity Trusts (GRATs) and Intentionally Defective Grantor Trusts (IDGTs) typically give the grantor the power to substitute assets of equivalent value, exercisable in a non-...