Estate Planning attorney Steven Andrew Jackson will teach a one hour Continuing Education class on “Succession: Family & Business.” Class Details: Date: Wednesday, September 12, 2018 Time: 8:00 am to 9:00 am Location: The Biltmore Building, One North Pack Square, in downtown Asheville. The class is approved for one hour Continuing Education by the... [Read More]
Category: Estate Planning
Succession: Getty and the Biltmore Estate
Estate planning often involves business succession planning as well. Parents create a business that grows over time, employs many people and becomes part of the local culture and in some cases, expands into the region or country or even worldwide. While we often think of the personal inheritances and personal assets in estate planning, when... [Read More]
How Does the 2018 Tax Reform Relate to Families? Part 3
Two major pieces jump out. One of which is that there is now a limit on your deductions for your State and Local Taxes. They use to be unlimited and now there is a limit. Another of the other major changes that we will go through in detail in this Blog is regarding the changes... [Read More]
Tax Reform – Part 2
We will continue to look at more of the 2018 changes to the Tax Code as it applies to families and not just businesses. Some of the ways families are affected by the Tax changes include the following: Alternative Minimum Tax This is a strange parallel tax system with a separate set of rules that... [Read More]
It’s not all about you: questions your estate attorney should ask
When we begin work on our estate plans we often think the questions revolve around you – what you want and need. This is true but the Experienced Estate Planning Attorney should also be asking plenty of family related questions, if your loved ones are your beneficiaries after you and your spouse are gone. The attorney... [Read More]
How to Help your Estate Helpers
Part of Estate Planning is making it as easy as possible for your loved ones to help you. You should consult with your Estate Planning Attorney to be sure that your Estate Plan is appropriate and puts the appropriate loved ones in a position to help you. The first way to help your estate helpers... [Read More]
Before surgery review your health care power of attorney
Surgery reminds us to review our health care designations and documents As we get older it is likely that each of us will have a health situation of some kind – surgery or temporary hospitalization. Whether major or minor, these events serve as physical reminders to review our estate plans and our health care designations... [Read More]
Beware of Charities: Some helpful tips
Before you include that charity in your estate planning…consider this example and some tips: Our client Frank was a “Quiet Hero”. He came from very modest beginnings in Texas to earn academic scholarships to help him work through Texas Tech University to earn a PhD in engineering. He served an important communications role with the... [Read More]
When Do You Need to Update your Estate Plan?
Some experts say that you should review with your Estate Lawyer your Plan at least ever four (4) years. Remember that there are three (3) parts of your Estate Plan that are always moving: What you own will change, your relationships will change, and the law will change. Since these three (3) major pieces that... [Read More]
Bonus Material: Family Conflict in Estate Planning for Today’s Family
There is so much Family Conflict that I have seen over time when dealing with client’s Estate Plans. I had planned to limit the subject to 5 Blogs, but thought it was important to add in these important thoughts for your consideration. If any of these areas relate to your personal Estate Plan, make sure... [Read More]