Blog
Death Tax
Estate taxes, sometimes known as “death taxes”, are done both by the federal government as well as a small number of states. Estate taxes will become implemented when a person’s estate has exceeded a certain amount at their death. The federal estate tax rate is set to...
Estate Planning with Life in Mind
Estate planning is not just a one-off event where you sit with attorneys and sign what feels like hundreds of pages of documents. To accurately reflect your wishes and current laws, updates and reviews should be done by an attorney every couple of years and with every...
Post-Election Forecast
The Tax Cuts and Jobs Act of 2017 brought precedent-breaking changes to America that affected both businesses and individuals, doing things like reducing marginal tax rates, increasing deductions, and increasing child tax credit. Without interference, it is set to...
13 Estate Planning Terms You Need to Know
Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing...
“Passing Values Through Generations With Family Legacy Trusts”
We are fans of giving credit where credit is due when we come across something fantastic. Last week Jerimy (owner and name partner here at Jerimy Kirschner and Associates) found an incredible article by Karen Hube called "Passing Values Through Generations with Family...
THE RISE OF ELDER ABUSE AND UNDUE INFLUENCE; Understanding and Identifying Red Flags
Undue Influence is defined as “influence by which a person is induced to act otherwise than by their own free will or without adequate attention to the consequences.” The concept of undue Influence is no stranger to Estate Planning attorneys and their staff. Undue...
Niche Estate Plans: Your Trust Can Be As Unique As You
Each and every person in this state, in this county, and on this planet is different. We are not carbon copies of each other! Since we are all individuals with unique ideas, hopes, and dreams, why should your estate plan be the same stale, repetitive plan that your...
Estate Planning – It’s Cheaper Than You Think
More Americans than ever before are learning the importance estate planning, yet only about half of Americans have any type of estate planning in place. Many identify cost or plain discomfort as the reason for avoiding estate planning. Of those identifying cost, an...
Greed, Envy, and Estate Planning: Protecting Your Legacy and Loved Ones With a Proper Plan
If you become incapacitated or pass away without an estate plan, then your home state will reach to its default rules to make decisions for you. Unfortunately, those default rules may be entirely the opposite of your wishes. Moreover, those default rules may result...
Estates of the Rich and Famous: What Not to Do
Celebrities! They are just like us, even when it comes to Estate Planning. It seems shocking that so many big names in Hollywood repeatedly fail to have estate planning documents prepared. The rich and famous have massive estate so you would think they have the money...