Articles Posted in Estate Planning

Estate planners are increasingly using trust protector provisions in trust documents. While these provisions can be flexible and preserve the intent of a trust’s grantor, they also come with risks and complexities. A panel of the trust and estate planning attorneys at Braverman Law Group are hosting a CLE/CPE course to provide a practical guide…

Many people know it is critical to have a will—and sometimes a trust—as part of their overall estate plan. However, they may not know that there are different types of wills that can be utilized, depending on the person’s financial and personal situation. One of the more unique options is a pour over will. A…

Technology is ever-changing, and it constantly affects daily life: how individuals communicate, travel, and even plan for the future. The term Web3 has been utilized more recently, seeing the near future as a new technological age where new platforms and marketplaces will be created. This new technology could also expand into the estate planning arena,…

Many individuals look forward to the day when they retire and spend their days relaxed and free—be it at home reading a book or tanning on a beach. However, they may not think about the planning they need to do beforehand to actually enjoy their retirement. Most people think about the most important aspect—saving money—but…

Married couples receive special benefits in estate and tax planning solely due to their married status. Many of these benefits make it easier for couples to pass assets along to one another and avoid complications when one of them die. Estate planning attorneys can advise clients on strategies they should utilize to take advantage of…

Because everyone is different, they have unique estate planning needs. For some people, this means prioritizing savings for retirement, whereas for others, it may mean planning how they would like end-of-life care handled. For ultra-high net worth individuals, their primary estate planning goal is protecting their current assets for future generations. Ultra-high net worth individuals…

In today’s world, an estate plan must be more than just crafting a will. With technology at everyone’s fingertips, if an individual dies without disseminating their online accounts and passwords, most of the information within these accounts may be lost forever. While estate planning attorneys may have different recommendations for how to handle the protection…

Estate planning is a complex and complicated endeavor for many individuals. While the estate planning industry is constantly evolving, this process may be even more difficult for high-net-worth individuals. These individuals may have more considerations to take into account when planning their estate, including minimizing estate taxes, protecting their funds for heirs, and changing laws…

Married couples often wonder if there are specific ways to protect their assets that apply specifically to them. One of these lesser-known estate planning options is the creation of a spousal lifetime access trust (SLAT), which is utilized to transfer assets outside of the estate. Using a SLAT can protect assets from the federal estate…

Many people are passionate about collecting. Whether stamps, coins, or baseball cards, these collections hold both sentimental, and sometimes, monetary value too. Despite this, individuals may be unaware of how to incorporate these valuables into their estate plan—who will receive these prized belongings once they pass away and how to reduce tension in case multiple…