Month: February 2018
Video: Does the person you designate in your will as guardian of your children have to take your children?
In Siedentopf Law’s latest video, estate planning and probate attorney Sarah Siedentopf answers the question, “Does the person you designate in your will as guardian
How To Protect Your Children’s Inheritance If You Remarry
Parents who remarry later in life face the challenge of protecting their children’s inheritance. They may worry, “What will happen to my son or daughter from a previous marriage, if I pass away before my spouse?” Careful estate planning can solve some of these issues and ensure that both the current spouse is provided for and that the children receive a portion of their parents’ legacy. Give the money or assets directly to your children. One way to safeguard your ch […]
Video: What happens if a person dies without a will in place?
What happens to a person’s estate if he or she dies without having a will in place? We share the answer, in our latest video. #estateplanning […]
Estate Tax Exemptions Under The New Tax Act
The Tax Cuts and Jobs Act (TCJA), a sweeping overhaul of the U.S. tax code, took effect at the beginning of 2018. The Act can potentially impact an individual’s estate planning, especially when it comes to leaving money to heirs and beneficiaries.While the federal estate tax, gift tax, and generation-skipping tax rate remains 40%, the amount exempt under the TCJA is now $10M for individuals and $20M for couples. Also, it is likely that these estate tax exemptions will increase with inflat […]