Your will is your single most important estate planning document for many reasons. Generally, the attorney drafting your will also prepares ancillary documents such as power of attorney, living will, and health care proxy – all quite important.
One of the most important provisions of the House version of Tax Cuts And Jobs Act is the repeal of the Generation Skipping Tax. GST repeal is not getting much attention. The scoring of GST is lumped in with the repeal of the estate tax at $172 billion.
You do your best to treat your children fairly and equally. That might -- may -- be straightforward when it comes to bedtime or when you decide they're old enough to start dating.
October is Financial Planning Month, making now a great time to think about your financial preparedness and well-being. Money isn’t everything in life, but it certainly helps to achieve security and to open opportunities for you and your family.
The ultimate fate of the tax cut now before Congress will probably depend more on fairness than competitiveness. But what is fairness?