REVOCABLE TRUST VS. IRREVOCABLE TRUST: WHICH IS BEST FOR YOU?
Trusts allow you to avoid probate, minimize taxes, provide organization, maintain control, and provide for yourself and your heirs. In its most…
10 TYPES OF TRUSTS: A QUICK LOOK
Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what we, as estate planning…
WILLS VS. TRUSTS: A QUICK & SIMPLE REFERENCE GUIDE
Confused about the differences between wills and trusts? If so, you’re not alone. While it’s always wise to contact an experienced professional like me,…
WILLS, TRUSTS & DYING INTESTATE: HOW THEY DIFFER
Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many…
EARLY PREDICTIONS ABOUT 2016 ESTATE TAX, GIFT TAX, GST TAX AND ANNUAL GIFT TAX LIMITS
Under current law the federal estate tax, gift tax, and generation-skipping transfer tax exemptions have become unified and are indexed for inflation…
WHAT DOCUMENTS DO YOU NEED TO FIND AFTER A LOVED ONE DIES?
After a loved one dies, you need to gather the important documents that are necessary to settle their final affairs. While the…
THREE ESTATE PLANNING MISTAKES FARMERS AND RANCHERS MAKE AND HOW TO AVOID THEM
Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life….
IS A REVOCABLE LIVING TRUST RIGHT FOR YOU?
Revocable Living Trusts have become the basic building block of estate plans for people of all ages, personal backgrounds, and financial situations….
SHOULD I WRITE MY OWN WILL?
I’m sure you have heard this less than eloquent phrase before – “Garbage in, garbage out.” The phrase is typically used in…
Law Office of Kathleen M. Toombs
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