Now that the election is over, what next? There is still a lot of uncertainty over the results and the effects that will follow. It appears that Joe Biden will be our next President, but the division of Congress is less clear. What can voters anticipate if President Joe Biden is elected, but the Congress […]
Estate planning attorneys are occasionally asked by clients whether an estate plan can include a right of first refusal (ROFR) (sometimes called a first right of refusal) on certain items or parcels of property. The following example helps to illustrate the way this legal tool is used and why it might be useful in your […]
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer Financial Protection Bureau of people ages 50 and […]
With a push by the Democratic party to return federal estate taxes to their historic norms if they win the upcoming election, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. Assets included in […]
