BLOG

Individuals in various professions may accumulate certain types of intangible assets that may create rather nebulous estate planning issues. One area that may pose a particular challenge involves so-called, intellectual property rights.

While most people opt to have a lawyer draft their last will and testament, there is no requirement that an attorney do so. If you do opt to draft your own will, make sure to avoid the following five mistakes!

The actual task of determining what is includable in your gross estate often requires in-depth analysis by a qualified professional.

If you are thinking about establishing a trust, you need to select a trustee—someone who is charged with administering the trust according to your wishes.

Many estate planning practitioners view the irrevocable life insurance trust (ILIT) as a flexible and useful tool that can provide a number of benefits to their clients.

If you have substantial income and assets worth protecting, you should consider looking into long-term care insurance.

Many people are confused about the differences in the terms domicile, statutory residence, and residence. The distinction is important and can have serious ramifications for your estate plan.

Selecting a guardian for your children is an extremely personal and important decision. You need someone who understands the serious commitment involved in guardianship.

Communicating openly with your family members can help to reassure them about your financial and health care wishes.

Since the future operations and/or growth of a family-owned business could be severely affected by its estate tax obligations, it is important to set up and implement an estate plan before it’s too late.