Estate Planning for Unmarried Partners

When you’re in a romantic partnership – as opposed to a marriage – you need to create the legal protections and benefits automatically afforded to those who are married. For example, married persons legally inherit from each automatically and can visit their spouses in the hospital without question. You and your partner can do the […]

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Your Estate Planning Binder: Tips for Proper Care and Maintenance

You finally crossed “getting your estate plan done” off your list, and you’ve (rightly) breathed a huge sigh of relief. By tackling this challenge, you’ve not only established protections for your loved ones and legacy, but you’ve also freed up some important “mental space” that had previously been preoccupied.

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5 Things Every New Mother Needs to Know About Wills

As a new mother, you naturally want to ensure your new baby’s future in every way. For many new mothers, infancy is a time for celebrating new life, and making a will is the last thing on their minds. For others, the process of bringing new life into the world sparks intense feelings of wanting […]

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WHAT IS A 1031 EXCHANGE?

  Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

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Legal Audit for Buy-Sell Agreement

22-Point Legal Audit for Buy-Sell Agreement 1. Trigger Events: Does your Agreement provides for the 10 critical trigger events? 2. Rigid or Flexible: Is your Agreement a rigid agreement that could create significant income tax issues at the time of a buyout?

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The Importance of Basis… the new era of estate planning

10/01/15 | WealthCounsel Quarterly | Jeremiah H. Barlow, JD Understanding basis and how it applies in estate planning is one of the foundational concepts of the post-ATRA era. Prior to the enactment of the American Taxpayer Relief Act (ATRA) in 2013, the primary goal in estate planning was to leverage transfers in order to reduce […]

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