Many people include gifts to charities in their wills and trusts. The most common way of accomplishing this is by naming a specific charity as a beneficiary. A donor advised fund (DAF) has also become a popular way of giving to charity that could be beneficial for your estate plan and your … [Read more...] about Using A Donor Advised Fund to Give To Charity
Will You Be Subject to Federal Estate Tax Payments Upon Your Death?
While planning your estate, you’ll carefully consider what to give to each of your beneficiaries carefully—your spouse, children, grandchildren, other relatives, and even friends. But there is one thing that you may not have yet considered: federal estate taxes. One of the many roles an … [Read more...] about Will You Be Subject to Federal Estate Tax Payments Upon Your Death?
The Administration’s Tax Proposals for the Next Fiscal Year
President Biden's administration has given us the first look at tax proposals for the fiscal year 2022 budget. There are quite a few changes listed and most of them as you might expect are increases targeted to high-income taxpayers. Here is a summary of some provisions that may affect … [Read more...] about The Administration’s Tax Proposals for the Next Fiscal Year
How Pour-Over Wills And Living Trusts Work Together In Glenview, IL
After you’ve completed your estate planning, you may feel like you’ve taken care of everything, dotted all the I’s, and crossed all the T’s. You’ve written a will and created trusts to keep as much as you can out of the probate process. But it’s also possible that you’ve overlooked something, … [Read more...] about How Pour-Over Wills And Living Trusts Work Together In Glenview, IL
529 PLANS AND WHAT YOU SHOULD KNOW
If you have children or plan to have children in the future, you are aware that costs of education are expensive and continue to increase. Many people save for higher educational expenses by utilizing a custodial account or even a trust. Another great option for saving for your child or … [Read more...] about 529 PLANS AND WHAT YOU SHOULD KNOW
