by Knee Law | Jul 9, 2022 | Estate Law, Estate Planning
Why Do I Need to Pay Attention to Beneficiary Designations? In 2020, about 54% of Americans held a life insurance policy. If you’re one of them, you need to know that life insurance policies, retirement accounts and annuities all pass through a beneficiary...
by Knee Law | Jul 5, 2022 | Estate Law, Estate Planning
Estate Planning and Your Blended Family A 2015 study from the National Center for Marriage and Family Research found that in 26% of all marriages, there were stepchildren. Most remarriages–nearly two-thirds–involved stepchildren. Figures such as these...
by Knee Law | Jun 16, 2022 | Estate Planning, Trusts
What Are Grantor Retained Annuity Trusts? A Grantor Retained Annuity Trust, or GRAT, is a type of irrevocable trust administered by a third party and used to lower the value of your assets that will be taxed by the IRS for estate tax purposes. The GRAT’s...
by Knee Law | Jun 12, 2022 | Estate Planning, Inheritance, Last Will and Testament
Updating Your Estate Plan as a Blended Family Blended families have become more common in the U.S., with 16% of children in the country living in blended families. When you remarry, you’ll want to revisit your estate plan to ensure it reflects your wishes based...
by Knee Law | Jun 8, 2022 | Estate Planning
Do I Need to Have an Irrevocable Life Insurance Trust? Only one out of every three American adults has an estate plan in place. Most people who lack one believe that they don’t have enough assets to make it worth the trouble. Setting up an irrevocable life...
by Knee Law | Jun 4, 2022 | Estate Planning, Trusts, Wills
What Details to Discuss Regarding Your Parents’ Estate Plan Many parents haven’t written down their wills; in fact, according to recent statistics, 50 to 60% of Americans don’t have a will. Although, talking about your parents’ estate plan can...
