The estate tax is a tax on the value of a person’s assets at the time of their death. Upon your death, if the total value of your estate is above a certain threshold amount, known as the federal estate tax exemption, the IRS requires...
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There are two primary types of trusts, revocable living trusts and irrevocable trusts. People often come to us curious or confused about the differences between revocable living trusts and irrevocable trusts. Revocable Living Trust A revocable living trust, also known simply as a living trust,...
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When it comes to creating an estate plan, most people typically think of a will. While it is possible to leave your estate to someone in your will, it is far from ideal. Reason #1 Why You Need More Than A Will: A Will Does...
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