Estate planning is a process by which a person designs a strategy and prepares documents to conserve, protect, and distribute estate assets before and after death for the benefit of loved ones and charities, taking into consideration the effect of state and federal tax and administrative laws and regulations. It can also involve planning for the use of your assets for your care if you become unable to manage your affairs during your lifetime. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or when you die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you ever are unable to give the directions yourself, someone you select would do that for you, and know when you would want them to authorize or refuse heroic measures.
- Tax Court Denial of Conservation easement; Enforcement Developments – Wealth Strategies Journal
- Avoiding The 10-Year Rule For Conduit Trusts (Mar. 4, 2020) – Wealth Strategies Journal
- Treasury Considers Delaying April 15 Tax Day Over Coronavirus – Wealth Strategies Journal
- Changes to Retirement Savings Rules (Mar. 5, 2020) – Wealth Strategies Journal
- Income Tax and Other Concerns, The Tax Lawyer (2020) – Wealth Strategies Journal