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HTMLMarch 2015 Estate Planning Update: Trust Design Considerations
Kristin M. Tyler; Gordon Silver;
Legal Alert/Article
March 20, 2015, previously published on March 2015
When it comes to creating an estate plan, careful thought and consideration must be given to designing the trust to best fit the needs of your family. The revocable trust (also known as the “family trust” or “living trust”) is the foundation of a proper estate plan and...

 

HTMLJanuary 2015 Estate Planning Update - New Year, New Estate & Gift Tax Rates
Kristin M. Tyler; Gordon Silver;
Legal Alert/Article
February 18, 2015, previously published on January 2015
The federal estate tax has once again been indexed for inflation and increased to $5,430,000 for decedent’s who pass away in 2015. This is an increase from the 2014 rate of $5,340,000 - or an additional $90,000. Note that for a married couple, each spouse has an exemption amount of $5,430,000...

 

HTMLFebruary 2015 Estate Planning Update: Business Succession Planning
Kristin M. Tyler; Gordon Silver;
Legal Alert/Article
February 18, 2015, previously published on February 2015
According to the Family Business Institute, only 30% of family businesses survive beyond the founder’s generation. During the next two decades, nearly 80 million baby boomers will retire and at the same time many will receive inheritances. It has been estimated that over $10 trillion will be...

 

HTMLDecember 2014 Estate Planning Update: The Gift of Estate Planning
Kristin M. Tyler; Gordon Silver;
Legal Alert/Article
February 17, 2015
People I meet who don’t have an estate plan say the same things. “I don’t have enough money to need a will.” “I’m not married yet and don’t have kids, so I don’t need a trust.” “I’m too young to need powers of attorney.”...