Can a large Inheritance be too big?

Norton Hammersley Estate Planning 0 Comments

Receiving a large inheritance can be an unexpected windfall or curse to your beneficiaries. If you share these concerns, what are your options? Are there alternatives to a large, lump-sum inheritance that are worth considering? To avoid a negative outcome, it is not uncommon for individuals to evaluate alternative methods to transfer wealth to their beneficiaries. According to a recent …

Trusts Remain an Important Tool for Lasting Legacies

Norton Hammersley Estate Planning 0 Comments

Life, by its very nature, is uncertain, and nowhere is it more important to consider those uncertainties than when planning how the fruits of a lifetime will protect and sustain loved ones or continue to support cherished causes in the way someone wishes. In the past, trusts were mostly viewed as a strategy for preserving estates by reducing the impact …

1031 Exchange Quick Reference Guide

Darren Inverso Estate Planning, Real Estate Law

At this time of the year many investors and real property owners are looking to capitalize on increased value and retained equity by liquidating property and purchasing new investments.  When contemplating your next investment be sure to remember one of the last few vehicles to defer taxes and maximize spending power through a 1031 exchange. Below is a brief outline …

Why you need to plan ahead for the Inevitable

Norton Hammersley Estate Planning

The Hollywood notion that the complex and intricate details of estate planning can be undermined in one sweep of a dying signature show just how little understanding of estate planning people have. In fact the only way your wishes would be undermined is if you didn’t plan for your inevitable death. Many people think estate planning is what elderly people …

How to Avoid Family Disputes After Death

Norton Hammersley Estate Planning

Making plans and talking with family about what will happen after we’re no longer with them can be as uncomfortable as contemplating their world without us. However, it can be more painful to know that avoiding difficult decisions and conversations all too often leads to permanent rifts in even the most loving families. “In the estate planning field, we too …

Sarasota Estate Planning – Navigating the new rules of estate planning

Norton Hammersley Estate Planning

Did you know that last year Congress set the top estate-and-gift-tax rate at 40% and raised the exemption to $5 million per person, adjusted for inflation. It now stands at $5.34 million and is expected to rise to $5.43 million next year. Previously, the estates of the deceased with assets worth more than $1.5 million—or who made gifts above that …

Summarizing the American Taxpayer Relief Act—Avoiding the So-Called “Fiscal Cliff”

John Lopez Estate Planning

On January 2, 2013, the President signed the American Taxpayer Relief Act into law, avoiding the so-called “fiscal cliff.” The new legislation has no expiration date, which means it will remain in effect until such time as Congress and the President approve additional legislation. The following is a brief overview of the new Act. Estate and Gift Tax Provisions  The …