by Knee Law | Sep 25, 2021 | Estate Planning, Trusts
Avoid Federal Estate Taxes With Trusts If you want to transfer your wealth to your heirs, you need to know how to avoid federal estate taxes. The current federal estate tax exemption stands at $11.7 million, and thus very few estates are subject to the tax. Even so,...
by Knee Law | Sep 21, 2021 | Estate Planning, Trusts
There Are Basically Three Reasons to Use an Irrevocable Trust Did you know that an irrevocable ttrust cannot be modified, amended, or terminated without the permission of the beneficiaries? Set up to minimize taxes as well as other reasons, the grantor legally removes...
by Knee Law | Sep 17, 2021 | Estate Planning
When to Start Changing Your Estate Planning Documents After a Divorce If you are involved in one of the 2.4 million divorces happening each year, your estate plan might be the last thing on your mind. It is certainly important to remember to update these documents...
by Knee Law | Aug 28, 2021 | Estate Planning, Living Trusts, Probate
One big reason that people draw up revocable living trusts is that they want to avoid the probate process. Probate is a court-supervised process that can take several months, or even years, to complete. Then your will is a matter of public record for everyone to see....
by Knee Law | Aug 24, 2021 | Estate Planning, Living Wills, Power of Attorney
You can execute an estate plan at any time in life provided you are of sound mind when you do so. Most people who are well-versed in such issues would agree that devising a solid plan sooner in life is better than later or never at all. If your son or daughter has...
by Knee Law | Aug 20, 2021 | Estate Planning, Wills
Less than half of adults in the United States report having estate planning documents that include a will. If you haven’t yet begun to explore preparing one, the impact of foregoing this step could be significant for loved ones left behind. Below, we go over...
