Estate Planning

Wealthy and Wise

Here’s Who You Should Appoint as Your Executor or Trustee—and Who to Definitely Not Appoint

Defaulting to the easiest or most obvious choice for your executor or trustee can have bad consequences—for your estate and your family.

Wealthy and Wise

Year-End Estate Planning Moves to Make Before December 31

Now’s the time to review your existing estate plan to see whether changes in the law or in your situation mean you should take action.

Wealthy and Wise

How To Erase Potentially Giant Capital Gains Taxes

There’s a legal technique for giving away, and then receiving back, appreciated assets that wipes out your capital gain exposure. But know the danger, too.

Wealthy and Wise

Don’t Forget About Your Digital Assets in Your Estate Plan

Many estates are being held up because decedents never gave information and authorization to access their digital accounts. It’s an expensive mistake.

Wealthy and Wise

Don’t Die Without a Will

Some famous people—including Prince, Heath Ledger and now Aretha Franklin—died without a will. Even if you don’t have big assets, you still need one.

Wealthy and Wise

Are You a Trustee of a Life Insurance Trust? Know Your Obligations!

Being trustee of a life insurance trust is not just an honorary title—you really do have some key responsibilities that you must perform.

Wealthy and Wise

Divorce? Change Your Estate Planning Documents!

If you get divorced and fail to change your will, beneficiary designations and these other documents, there could be some very unwanted results.

Wealthy and Wise

How You Can Change an Irrevocable Trust: Decanting

An irrevocable trust doesn't have to be as irrevocable as you might think: To change an existing trust, decant it.

Wealthy and Wise

3 Estate-Planning Gotchas in the New Tax Law

If you set up or updated your estate plan even just a year ago, big changes in tax law could be ruining its ability to protect you and your heirs.

Estate Planning

Don’t Leave Gaps in Your Final Financial Instructions

Creating a master estate document makes life much easier for your loved ones in the event of a health crisis or your death—but don’t leave gaps.

Wealthy and Wise

Does Your Will Contain This Formula for Disaster?

If you have a formula clause in your will that determines how assets get divided, you must review it now in light of the new federal tax law.

Wealthy and Wise

Uh Oh—Should Your Heirs Now Give Your Gifts BACK to You?

The new federal tax law means that some previous lifetime gifts to heirs will now cost a family more of its wealth and should be reversed.

Wealthy and Wise

Beneficiary Control of Trusts—How Much Is Just Right?

You have to walk a fine line to give your heirs just the right amount of control over their trusts. Here’s how to do it.

Wealthy and Wise

The Terrible and Shockingly Common Estate-Planning Mistake

Many people leave wealth to their heirs only to have those assets scooped up by creditors or other outsiders. How to prevent that.

Estate Planning

Make Sure Your Power Of Attorney Actually Works

A power of attorney (POA) can be a tremendously valuable tool when a person needs to designate someone to act on…