by Knee Law | Oct 18, 2021 | Estate Law, Trusts
Pros and Cons of Choosing an Irrevocable Life Insurance Trust Trusts are often an important aspect of planning your estate that can be used in lieu of a will or to complement a will. An estate planning lawyer can help you set up an ILIT, which is an irrevocable trust...
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 | Sep 13, 2021 | Probate, The Probate Process
Tips for Preventing Sibling Disputes During the Probate Process The average probate takes around nine months, but it can be extended even longer when heirs start disagreeing. An unfortunate reality of estate planning is that some siblings end up arguing about how...
