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Home » Postmortem Planning » Page 3

Postmortem Planning

Remember: Estate Tax Changes Are Not Permanent

April 22, 2011 by Larry Parman, Attorney at Law

If you think back to the end of the 2010 calendar year you'll recall that the news in the financial sector revolved around the impending expiration of the Bush era tax cuts. This is an issue that affected Americans on every level, but it also had a very profound impact on estate planning. If the Economic Growth and Tax Relief Reconciliation Act of 2001 would have expired with no new legislation to replace it, the estate tax exclusion would have been reduced to $1 million, and the rate of the tax … [Read more...] about Remember: Estate Tax Changes Are Not Permanent

Filed Under: Postmortem Planning Tagged With: Gift Tax

Benefits of Legacy Planning

October 18, 2010 by Larry Parman, Attorney at Law

Legacy Planning is a step beyond basic estate planning. With basic estate planning you can leave direct inheritances to your heirs and make a final statement. With a Legacy Plan, you can create special financial and personal inheritances and provide funds for causes that may be close to your heart. Financial Inheritances A popular tool of Legacy Planning is Trusts. Trusts, especially Irrevocable Trusts, allow you to create special financial inheritances for your family members. With your … [Read more...] about Benefits of Legacy Planning

Filed Under: Guardianship, Postmortem Planning Tagged With: Asset Protection, Gift Tax, working after retirement

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