Estate and Elder Law Information Center
Want to leave your kids an inheritance? Start here. - What you should know about generational wealth, and what you can start doing now to plan for your families financial future. What is generational wealth? By definition, generational wealth, also referred to as family wealth or legacy …
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Wills and Trusts: Challenging Their Provisions - Emotions run high after someone dies, and that's when resentments can surface. Disappointed heirs may want to challenge the final wishes of the deceased. If they want to proceed, they need to do so on the basis of one of four legal grounds: Undue …
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IRS Announces Higher Estate And Gift Tax Limits For 2021 - The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means an individual could leave …
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Generational Wealth is Key to Leveling the Playing Field - Even a little bit of a headstart can be extremely helpful in life. Those who start with little economic wealth, including many minorities and recent immigrants, face obstacles in obtaining a good education and building a business or a solid …
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Have you decided that it's time to consider estate planning and contemplate when and how to distribute your assets to an heir? Realistically, you imagine that this process will entail a series of trade-offs to prevent emotion-laden family problems. How much would you like to give to charity and …
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