In many families, there is an uncomfortable silence when the subjects of death and money come up. According to Eileen and Jon Gallo, authors of Silver Spoon Kids: How Successful Parents Raise Responsible Children (McGraw-Hill, 2001), most adult children have no idea of their parents’ net worth, let alone the details of their estate plan.… Read More
Give your family the gift of telling them what you have planned for them. Decide who will be your executors, agents under your power of attorney and surrogate for health care decisions under a medical directive. Let the family know who is going to hold these positions. Make sure the persons you name are willing… Read More
According to Fortune, if the estate tax is repealed, the government won’t even feel it. The 2017 exemption is $5.49 million. The U.S. Census bureau estimates 2.7 million people will die in 2017, but only 11,000 of them will need to file estate tax returns and only about 5,200 will actually have to pay any… Read More