Blog - Page 7 - Law Offices of Glenn Busch, P.C.

Revocable Trusts Must Be Funded to Make Estate Plan Work

May 6, 2023

The primary benefits of revocable trusts only are available if a revocable trust is FUNDED during life. Unfortunately, experienced estate planning attorneys often have clients who delay the funding of their revocable trusts until it is too late and miss many of the benefits that these trusts provide.

Estate Planning

How Do Inheritance and Estate Taxes Work?

April 23, 2023

Federal estate taxes were created in 1916, taxing estates valued at over $5 million. This amount changed to $50 million in 1932. In 1940, it dropped to $10 million, then $5, then $3. In 2002-2007 estates worth more than $2 million paid the tax.

Estate Planning

Transfer on Death Isn’t Always a Smart Estate Planning Strategy

April 14, 2023

A primary benefit of using TOD/POD designations is that assets held in the account will pass automatically to the beneficiary without having to go through probate.

Estate Planning | Probate | Trust Administration

What Is the Relationship between Executor and Beneficiaries?

April 8, 2023

In terms of executor vs. beneficiary rights, there are several differences with regard to what type of authority each one has.

Estate Planning

How Should I Handle Memorabilia in My Estate Planning?

April 8, 2023

Memorabilia collections, by their nature, are specialized and unique. When considering your estate planning, it's important to think about what you require of your beneficiaries — if you’re not planning on selling your collection — and how you can make that process as easy as possible for your family. What will your spouse or children have to deal with as they dispose of the items?

Estate Planning

Probate: What Is it? How Does it Work?

March 18, 2023

In certain instances, particularly when there is no Will, the system ensures that all accounts and property are distributed in accordance with state law.

Estate Planning | Probate

How to Avoid Common IRA Mistakes

March 13, 2023

Millions of Americans use both traditional and Roth IRAs to save for retirement. However, that doesn't mean they all have a full understanding of how IRAs work.

Estate Planning

Does Divorce Have an Impact on Estate Planning?

March 13, 2023

When you're in the midst of a divorce, you're probably not thinking about estate planning or your will. However, if you're divorcing, you should think about the impact a divorce can have on an estate plan.

Estate Planning | News | Trust Administration

Top Benefits of Estate Planning

March 6, 2023

Estate planning isn’t just for the ultra-wealthy, nor is it something you should put off until your golden years.

Elder Law | Estate Planning | News

Does Healthy Lifestyle Have an Impact on Memory Decline?

March 5, 2023

Memory decline was slower for older adults who had a healthy lifestyle, even for people with high genetic risk for Alzheimer's disease, data from a Chinese study showed.

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Estate Planning Blog

Revocable Trusts Must Be Funded to Make Estate Plan Work

How Do Inheritance and Estate Taxes Work?

Transfer on Death Isn’t Always a Smart Estate Planning Strategy

What Is the Relationship between Executor and Beneficiaries?

How Should I Handle Memorabilia in My Estate Planning?

Probate: What Is it? How Does it Work?

How to Avoid Common IRA Mistakes

Does Divorce Have an Impact on Estate Planning?

Top Benefits of Estate Planning

Does Healthy Lifestyle Have an Impact on Memory Decline?

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