On behalf of Kirtland & Seal, L.L.C. | May 29, 2019 | Estate Planning, Firm News
You probably don’t want to control every aspect of your heir’s future — but, at the same time, you may have some strong feelings about just handing someone a tremendous amount of wealth with no strings attached. That’s where an incentive trust...
On behalf of Kirtland & Seal, L.L.C. | May 15, 2019 | Estate Planning, Firm News
Part of effective end-of-life planning includes figuring out how your loved ones will have immediate access to cash right after you are gone — including enough money to pay your funeral expenses. That can be a little trickier than it sounds. The average price...
On behalf of Kirtland & Seal, L.L.C. | Mar 27, 2019 | Estate Planning, Firm News
You know, sooner or later, your day will come, and your heirs will be left trying to make sure that your final wishes are followed. As a result, you’ve had a will made and taken other preparations to make things easier. Now, what do you do with everything? What...
On behalf of Kirtland & Seal, L.L.C. | Mar 21, 2019 | Estate Planning, Firm News
There are times when you need to revoke the power of attorney you granted someone in the past. A few weeks ago, we talked about some of the reasons people have for revoking a power of attorney (POA). Now, let’s talk about the right way to revoke a POA —...
On behalf of Kirtland & Seal, L.L.C. | Mar 7, 2019 | Estate Planning, Firm News
In modern-day America, blended families are common. In fact, the U.S. Census Bureau reports that more than half of American families are the result of remarriages. There are a whopping 1,300 stepfamilies created each day in this country. Unfortunately, the emotional...
On behalf of Kirtland & Seal, L.L.C. | Feb 15, 2019 | Estate Planning, Firm News
A medical power of attorney takes your healthcare decisions out of your own hands and gives them to someone else. You pick that person and name them in the document. Many people choose their adult children, for instance, or someone else they can trust to make...
On behalf of Kirtland & Seal, L.L.C. | Jan 24, 2019 | Estate Planning, Firm News
When you’re contemplating end-of-life issues and your final wishes, it’s important to watch out for some painfully common mistakes. Here are the worst estate planning mistakes we see: 1. Deciding to forgo the will You need a will. In fact, every adult...
On behalf of Kirtland & Seal, L.L.C. | Jan 4, 2019 | Estate Planning, Firm News
Once you set up a revocable living trust to hold your assets, you don’t necessarily stop acquiring new assets. What happens if you die before some of those new assets have been added to the trust (or otherwise been assigned designated beneficiaries)? This is...
On behalf of Kirtland & Seal, L.L.C. | Dec 6, 2018 | Estate Planning, Firm News
Everybody struggles to find gifts during the holiday season that express their love for family and friends. While it might seem strange, an estate plan might be an absolutely wonderful gift for someone you love. No matter how young someone is, a basic estate plan is a...
On behalf of Kirtland & Seal, L.L.C. | Nov 30, 2018 | Estate Planning, Firm News
The Internal Revenue Service (IRS) has announced the 2019 limits for gift taxes and estates — and it’s a huge relief for many wealthy seniors who may have been worried about any large gifts they hoped to pass along to their heirs. In 2019, the annual gift...
