Out-of-State Assets and Your Estate Plan
Do you own property in another state or in another country? Is it included in your Will or Trust so it would go to those of your choosing when you die? If so, you’re all set, right? Not so fast! That Will or Trust may not have legal standing outside of your state. When it […]
The Tax Implications of Creating a Trust
Taxes. You can’t turn around without being taxed for something. We’re always looking for ways to avoid paying them. Having a Trust, a key component of an estate plan, may provide some tax savings to estates and beneficiaries. Let’s explore the tax implications of creating a Trust. Trusts and Taxes A Trust is a great […]
Tax Implications of Estate Planning
The last thing most people think of (or maybe not at all) when creating or updating their estate plan is how federal or state taxes could impact them or beneficiaries of their estate. Understanding the various taxes now could minimize consequences later. Here’s a breakdown of the tax implications of estate planning. Taxes and Estate […]