Tag Archives: Trusts

If I sign my assets over to my children now, will they have to claim as income and be taxed?

by R. Dennison Keller, Lawyer Referral Service Panelist If you give assets to your children, it will not be income to them.  It is a gift.  The gift will not be taxable per se unless the gift exceeds $14,000 and … Continue reading

Posted in Wills/Trusts/Other Probate | Tagged , , , , , , , | Leave a comment

How often should I update my estate planning documents?

Every 5 years is a good benchmark to update your estate planning documents, unless there is some intervening event or diagnosis that would require a change in planning. Continue reading

Posted in Wills/Trusts/Other Probate | Tagged , , , , , , | Leave a comment

What is the most important piece of estate planning?

The most important piece of your estate planning at death is certainly a will or trust. Continue reading

Posted in Wills/Trusts/Other Probate | Tagged , , , , , , | Leave a comment

We are not rich. Do we really need a trust?

You do not have to a millionaire to need a trust. As a rule of thumb, anyone with probate assets of more than $50,000 should consider a trust. Continue reading

Posted in Wills/Trusts/Other Probate | Tagged , , , , , , | Leave a comment
Home CLE Membership Foundation Committees/Groups Careers News & Resources About Us Contact Us