Posts By: Stephanie A. Lord, Estate Planning Attorney

Avoid Probate With A Living Trust

Posted by & filed under Probate, Wills and Trusts.

While probate is a common occurrence, most people would prefer to avoid that particular experience. Probate can be expensive, time-consuming and emotionally draining. And considering that probate occurs after you’ve lost a loved one, the last thing you want to do is spend time and money in court dissolving your family member’s estate. Fortunately, a… Read more »

2010 Estate Tax Laws: A Mid-Year Update

Posted by & filed under Estate Planning, Financial Planning, Probate, Trust Administration.

2010 has been one strange year for the U.S. tax code. We have a huge estate tax issue that is still not fully resolved. Let’s take a look at where things stand for the estate tax year in terms of changes, amendments, additions and considerations. The estate tax and GSTT have been repealed for 2010,… Read more »

What’s the Difference Between a Solvent and an Insolvent Estate?

Posted by & filed under Estate Planning, Probate.

When a person passes away there are usually some bills to be paid by the estate. There might be medical bills, credit card bills or even purchases. If you have been named the Personal Representative of a loved one’s estate, then you’ll need to understand how you will tackle these bills. Of course, you’ll have… Read more »

Estate Tax News – Responsible Estate Tax Act S. 3533

Posted by & filed under Estate Planning, Trust Administration, Wills and Trusts.

Last week several senators introduced a bill to continue last year’s estate tax provisions for this year and into the future, retroactive to January 1 of this year. This bill would reinstate last year’s $3,500,000 per person exemption from the tax, and restore the 45% tax rate on amounts over that for estates up to… Read more »