Amidst the end of year rush to make the most of the gift tax exemption before it expires, a recent Wall Street Journal article reminds us that the focus should not be on wealth alone. The article lists 10 nonfinancial areas to address. Here are six of my favorites: 1. What, if any, concerns do the senior generation have about passing
The article Heiring Grievances was posted by Ruth Mantell on December 12 on the online edition of The Wall Street Journal. It encourages parents with multiple heirs to think about the emotional legacy they will leave behind when making decisions about inheritances. It notes two key considerations during the planning process – how parents want to be remembered and how their
The challenges and consequences of inheritance Leaving money or assets to beneficiaries such as your children is a wonderful gift. It’s important to plan that gift thoughtfully so that the gift can be used as you intend without causing needless conflict between your beneficiaries or lost opportunities for beneficiaries who aren’t ready to handle the assets. The attached article from CNN/Money
This article titled “Taking Care of Disabled Heirs” was in the September 6, 2011 online edition of the Wall Street Journal. Those of you who have loved ones with special needs might click on the link to this article to get an idea of the considerations and issues you and your estate planning attorney might need to think through. When Loved Ones