You can save millions with estate tax portability. I often hear questions like, “What can I do to save estate taxes?” or “How do I avoid paying estate taxes?” You should know about portability. Estate Tax and Estate Tax Exemption Before diving into portability, we need to understand estate taxes. Estate tax is a tax […]
Author Archives: Randall_Sparks_Admin
08
Jun
Jun
So you have a trust. You’re Awesome! You’re on the right path to have smooth, efficient, and effective estate planning. One of the most important parts of your trust is to make sure that your assets are titled in the trust as appropriate. Let’s talk about how to title assets in your trust. Funding the […]
26
Apr
Apr
“When I have an estate I’ll make sure to do some estate planning”. I hear statements similar to this ALL THE TIME! What people should be asking is “When To Get an Estate Plan?” So, what’s going on here? Well first, I think some people misunderstand what estate planning is and who needs it. The […]
19
Apr
Apr
Do you have a Revocable Living Trust? If so, here are two important things you should know. You’re awesome! Congratulations. Your Revocable Living trust may one of the most, if not the most, important parts of your estate plan. When was the last time you read through your revocable living trust carefully? Has it been […]
09
Mar
Mar
When you are considering an asset protection trust, it’s always helpful to know what to expect and how much an asset protection trust costs. This post does not go into detail about specifics of asset protection trusts and how they work. It is simply to outline the fee ranges you can expect to see out […]
02
Mar
Mar
It’s helpful to have an expectation about what a product or service will cost. Likewise, it’s helpful to know the value of the product or service. A Revocable Living Trust is the most popular tool in a solid estate plan. How much does a revocable living trust cost? I’ll outline the fee ranges you’ll expect […]
22
Feb
Feb
Earlier this week, my wife got a text from a friend asking what to do after someone dies. Her friend’s neighbor unexpectedly passed away, and the family didn’t know what to do next. It’s hard to deal with getting access to accounts and assets, especially during such an emotional time. My wife’s friend asked her […]
15
Feb
Feb
I get asked this question a lot. And if people don’t ask, I know that they want to ask. So let’s get the cat out of the bag. I will outline the ranges of fees you can expect to see out there so that you know how much estate planning costs. I’ll also mention where […]
08
Feb
Feb
Not long ago I highlighted 5 Revocable Trust Mistakes you should avoid when you implement an estate plan. I’ve seen and reviewed hundreds of trusts and here are 5 More Revocable Trust Mistakes you should avoid. 1. Making Outright Distributions Outright distributions means that upon your death, your trustee gathers up all the assets, divides […]
30
Nov
Nov
A few weeks ago I wrote about 5 Asset Protection Mistakes You Should Avoid. Here are 5 more asset protection mistakes you should avoid. 1. Owning Assets in Your Own Name One of the key ways to protect assets is to transfer them out of your ownership. If you don’t own it, it can’t be […]