Switch to ADA Accessible Theme
Close Menu
+

Recent Blog Posts

20181012

Turn down an inheritance using a qualified disclaimer

By Legacy Protection, LLP |

If you are about to receive an inheritance from a family member, you can use a qualified disclaimer to refuse the bequest. The assets will then bypass your estate and go directly to the next beneficiary in line. It’s as if the successor beneficiary, not you, had been named as the beneficiary in the… Read More »

Facebook Twitter LinkedIn
20181004

Educate your children on wealth management

By Legacy Protection, LLP |

If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. Teaching techniques There’s no one right way to teach your children about… Read More »

Facebook Twitter LinkedIn
BillMcQueen

Best Lawyers 2019!

By Legacy Protection, LLP |

Best Lawyers is the oldest and most respected peer review publication in the legal profession. Recognition in Best Lawyers is widely regarded by both clients and legal professionals as a significant honor, bestowed upon a lawyer by his or her peers. This list is compiled through exhaustive peer review surveys where tens of thousands of leading lawyers confidentially… Read More »

Facebook Twitter LinkedIn
20180906

Is a significant portion of your wealth concentrated in a single stock?

By Legacy Protection, LLP |

Estate planning and investment risk management go hand in hand. After all, an estate plan is effective only if you have some wealth to transfer to the next generation. One of the best ways to reduce your investment risk is to diversify your holdings. But it’s not unusual for affluent people to end up… Read More »

Facebook Twitter LinkedIn
20180830

3 reasons you should continue making lifetime gifts

By Legacy Protection, LLP |

Now that the gift and estate tax exemption has reached a record high of $11.18 million (for 2018), it may seem that gifting assets to loved ones is less important than it was in previous years. However, lifetime gifts continue to provide significant benefits, whether your estate is taxable or not. Let’s examine three reasons… Read More »

Facebook Twitter LinkedIn
20180823

At your own risk: The pitfalls of DIY estate planning

By Legacy Protection, LLP |

There’s no law that says you can’t prepare your own estate plan. And with an abundance of online services that automate the creation of wills and other documents, it’s easy to do. But unless your estate is small and your plan is exceedingly simple, the pitfalls of do-it-yourself (DIY) estate planning can be many…. Read More »

Facebook Twitter LinkedIn
20180816

Addressing long-term care costs with a tax-qualified LTC insurance policy

By Legacy Protection, LLP |

No matter how diligently you prepare, your estate plan can quickly be derailed if you or a loved one requires long-term home health care or an extended stay at a nursing home or assisted living facility. The annual cost of long-term care (LTC) can reach as high as six figures, and this expense isn’t… Read More »

Facebook Twitter LinkedIn
20180809

Protect your peace of mind with a trust protector

By Legacy Protection, LLP |

Irrevocable trusts can allow for the smooth, tax-advantaged transfer of wealth to family members. But there’s a drawback: When you set up an irrevocable trust, you must relinquish control of the assets placed in it. What you can control is who will eventually oversee distribution of the assets after your death. That is, you… Read More »

Facebook Twitter LinkedIn
20180802

Provide for family members with special needs using an SNT

By Legacy Protection, LLP |

If you have a child or other family member with a disabling condition that requires long-term care or prevents (or will prevent) him or her from being able to support him- or herself, consider establishing a special needs trust (SNT). Also known as a supplemental needs trust, an SNT allows you to enhance a… Read More »

Facebook Twitter LinkedIn
20180726

Have you made your burial wishes clear?

By Legacy Protection, LLP |

It may be difficult to consider, but funeral arrangements are a critical component of your estate plan. Failure to clearly communicate your wishes regarding the disposition of your remains can lead to tension, disputes and even litigation among your family members during what is already a difficult time. Address these issues The methods for… Read More »

Facebook Twitter LinkedIn