You’ve spent your life working to amass wealth in the hopes of having some money to live on during your retirement. If you’re like most people, you also want to pass on some of that wealth to your children and grandchildren. However, there is always the threat of chronic illness and the...
Category: Estate Planning & Trusts
Common Types of Property that Can Be Placed in a Trust
There are many different types of trusts that an individual can create as part of their estate plan. These trusts serve a variety of purposes such as providing for the support of beneficiaries, minimizing taxes, and avoiding the costly and time-consuming probate process. Seder Law’s Estates & Trusts lawyers can discuss your...
Tracy Craig publishes article “How to Handle Estate Planning for Multigenerational Living Arrangements”
Tracy Craig, Chair of the firm's Trusts and Estates Practice Group, recently published an article featured in Kiplinger, "How to Handle Estate Planning for Multigenerational Living Arrangements".
In this notable article, Tracy delves into the complexities that arise when multiple generations cohabitate on a shared property. She adeptly...
What Steps Can I Take Now to Protect My Assets If I Need Assisted Living?
How can I Protect My Assets If I Need Assisted Living?
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Nursing home costs are skyrocketing, causing many seniors to worry that they will be forced to deplete hard-earned resources that might otherwise be passed on to their children and grandchildren. Fortunately, there are steps that older Americans can...
How Do Inheritance Taxes Differ From Estate Taxes?
Taxes are complex and the terminology surrounding them can be confusing. This is no less true with respect to estate planning. And while “estate tax” and “inheritance tax” are often used as synonyms, they actually have very distinct meanings. Knowing how inheritance taxes differ from estate taxes will help you prepare for...
Why New Parents Should Consider Developing a Trust
Parenthood, especially when a first child is on the way, is a busy time. Long before your child is born or adopted, you’ll be worrying about choosing names, decorating the nursery, and much more. But planning for your child’s financial future should start early, which means considering a trust. New families in...
How Do I Take Care Of My Parents’ Money?
How Do I Take Care Of My Parents’ Money?
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As your parents age, you may notice they are showing signs of aging like forgetfullness, or irresponsible spending. As they age, they lose the mental acuity they had when they were younger. This can make them more vulnerable to financial...
Strategies to Minimize Probate Costs
When a person dies, his or her estate must usually be probated. Probate is a process for determining who receives property and assets and settling debts against the estate. Although probate can be time-consuming and expensive, there are strategies to minimize robate costs. The dedicated Estates and Trusts attorneys of...
Qualities of a Successful Estate Executor
Choosing an executor is one of the most important decisions you will make as you create your comprehensive estate plan. The executor’s responsibilities are numerous and must be fulfilled diligently if your estate is to be properly managed. Not everyone is up to the task or even willing to serve as...
‘Tis the Season: Gifting And Charitable Giving Through Estate Planning
While estate plans are thought of primarily as means to pass on property to relatives, they can also be used to provide gifts and charitable donations to those outside the family. Using an estate plan for gifting and charitable giving is a rather common occurrence. These plans can even reduce tax...