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Post Mortem Administration Series, Part I: With a Joint Trust, What Happens to Your Property when the First Spouse Dies?

For married couples, what happens to your trust property at the death of the first spouse depends on the estate plan that you chose to implement. In this multi-part series, we will review the different administrative paths that property takes, based on the type of trust and the circumstances. In Part I, we explore what Post Mortem Administration Series, Part I: With a Joint Trust, What Happens to Your Property when the First Spouse Dies?

Gifting as an Estate Planning Tool

A change in the makeup of Congress is a good time to review your estate planning strategy. One consideration is whether gifting, sometimes referred to as “lifetime gifting,” would be an appropriate addition to that strategy. All United States citizens are permitted to make a gift of up to $15,000 in value per person, per Gifting as an Estate Planning Tool

Planning for 2021: Top Five

The turn of the calendar is a great time to consider whether your estate plan needs updating. With frequent changes in the law, the estate tax exemption, and your own portfolio, even recent plans should be reviewed. Here is a list of the top five items that you should consider when coming in for your Planning for 2021: Top Five

What Happens to Your Social Security Number When You Die?

Even if you have an up-to-date estate plan, there are some logistical quirks to be aware of whenever someone passes away.  Clients frequently ask if they need to notify the Social Security Administration of the loved one’s passing.  The short answer is “no.”