As business professionals, creating plans and putting them into action is a part of everyday life. We plan everything from our meals, to our weekly meetings, to our life goals. One critical aspect of our lives that most professionals often neglect to plan is their estate. In fact, a survey conducted by Caring.com revealed that only 42 percent of American…

By Oleg Cross, Esq. Most people are motivated to create an estate plan to take care of their children.  Indeed, the overarching purpose of estate planning is to pass wealth from one generation to the next with minimal expenses and taxes, and to give the settlor the maximum control over their own lives, their family assets, and the distribution pattern…

What is “portability” and how is it elected? This article by tax law guru Steve Hartnett breaks down these issues and explains some shortcuts that can be taken when filing a return only for portability.