U.S. Supreme Court Justice Warren Burger is famous for more than just his time on the bench. When he died in 1995, he left a 176-word will that gave no specific power to his executors. As a result, he reportedly cost his estate tens of thousands of dollars in attorney’s fees.1 Judge Burger’s case shows […] READ MORE
When you lose a spouse, partner, or parent, the grief can be overwhelming. In the midst of that grief, life goes on. There are arrangements to be made, things to be taken care of – and in recognition of this reality, here is a checklist that you may find useful at such a time. First, gather […] READ MORE
American actor Lee Marvin once said, “As soon as people see my face on a movie screen, they knew two things: first, I’m not going to get the girl, and second, I’ll get a cheap funeral before the picture is over.” Most people don’t spend too much time thinking about their own funeral, and yet […] READ MORE
Carve your name on hearts, not tombstones. A legacy is etched into the minds of others and the stories they share about you. – Shannon L. Alder The desire to leave a legacy may be the height of altruism for it is a gift to the future, the benefit of which you may never witness, […] READ MORE
Suppose your financial objectives include income and leaving a legacy for your heirs. In that case, it’s essential to work with a financial professional familiar with your many options, including older tools. Grantor retained annuity trusts (GRATs) gained popularity in 2000 after a favorable ruling by the U.S. Tax Court toward a wealthy family in […] READ MORE
Share the Wealth of Knowledge! Please share this with family, friends, or colleagues. We love being introduced! The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax […] READ MORE