Estate Plan Review and Modification

Estate plan review and modification should take place intermittently after wills, trusts and Powers of Attorney are executed.  Guidelines regarding WHEN estate plans should be reviewed are as follows:

Large Estates – where assets are valued in the millions, marital exemption trusts are established, and federal taxes are an issue, an estate plan should be reviewed annually.

Small . . . → Read More: Estate Plan Review and Modification

Power of Appointment

What is a power of appointment?  A question that is often asked by individuals and couples when engaged in the process of estate planning, is not as easily answered.

France – monastery

As defined by the Internal Revenue Code, a “general power of appointment” is a power which can be exercised in favor of the decedent, his . . . → Read More: Power of Appointment