What’s in a Will?

Thinking about creating a Will, but not sure what that really means? The structure of an Estate Plan will vary from person to person, but a comprehensive Will should include the following documents: 1. Last Will and Testament 2. Financial Power of Attorney 3. Healthcare Directives A Comprehensive Estate Plan Your Last Will and Testament is a legal document that …

Could an Irrevocable Trust have prevented Clancy probate battle?

  Tom Clancy: Author, Fan Favorite and Probate Lesson Tom Clancy was a New York Times best-selling American author known for writing thrillers with detailed themes of espionage, military, science, politics, and technology. Unfortunately his last will, testament, and particularly his second supplement to his will lacked the precision of his own writing. Tom Clancy passed away at the age …

The Great Shift in Estate Planning: From Estate Tax to Capital Gains

Not so long ago, the wealthy had one worry above them all when it came to planning their wills: the federal estate tax. But times change. The estate tax is no longer the primary concern of affluent Americans, The Wall Street Journal reports — and for good reason. Recent modifications to federal law are changing the wealthy’s estate planning priorities. …

Arizona: Not a Bad Place to Pass Away, Says ‘Forbes’

People are moving to new states in order to save their family money when they pass away. Take, for example, the wealthy man highlighted in Forbes’ recent report about state-to-state variations in estate laws. He’s changing his residency from New Jersey to New York because of recent changes in the latter’s estate tax regime. Forbes went a little further by …