Tag Archives: Estate Planning

SECURE Act – IMPORTANT LEGISLATIVE UPDATE

The SECURE Act was passed in late 2019 and affects IRAs and 401(k)s (included in this description are other qualified retirement plans) as of January 1, 2020. Many of our clients have asked how this could affect their planning. As expected, the law is not simple and there is not one universal approach. This article […]

Estate Planning, Income Taxes, SECURE ACT

Understanding the Basics of Beneficiary-Grantor Trusts

As published in Texas Lawyer, November 2010.  Written by Pete Benenati and Shannon G. Guthrie. Many Americans, especially the wealthy, seek to abide by the Internal Revenue Code while also reducing taxes. One tool estate-planning lawyers have in their arsenal is the beneficiary-grantor trust.   For purposes of this article, we will assume that some […]

Estate Planning, Trusts

Online Accounts and Your Estate Plan

You may be surprised to know that the provisions of your Will or Trust may not allow for control of your online accounts, such as Google, Facebook, Amazon, iTunes, etc.  When you sign up for an online service, you accept the terms of the Agreement, which governs your use, even after your death.  For example, […]

Estate Planning, Risk Management

Children’s Issues in Estate Planning

Below is a brief bullet point summary of some issues to consider when planning for your minor children: 1.            If you have minor children, the hardest question is who should raise your children in case of death?  In other words, who should be named as guardian of your children? 2.            In conjunction with item 1 […]

Custody, Estate Planning