Archive

You should check and update your estate planning documents at least once a year and whenever there has been a change in marital status, family members have left or entered the picture, or the tax laws have changed.      #TuesdayTip  

Did you know that there are two main categories of trusts: revocable and irrevocable. One of the primary differences is that a revocable trust can be changed at any point throughout the Grantor’s life. The type of trust you need will depend on your estate planning goals.   #TuesdayTip  

A “pour over” Will works together with a Revocable Trust so that any assets that are not in your Trust at the time of your passing end up in your Trust after the probate process is over.      #TuesdayTip  

Did you know that the state in which your Trustee resides may impact the taxation of your Trust? To learn more about this, check out Attorney Robin Lloyd’s new article in the upcoming edition of Portfolio magazine.  #TuesdayTip  

It is important to review and update your estate planning documents every couple years, and when there is an important milestone in your family’s life, such as a marriage, divorce, or graduation.      #TuesdayTip      

Did you know that certain contracts, such as a sale of an interest in land, must be in writing and signed by the parties in order to be a valid contract, otherwise they are not enforceable. #TuesdayTip  

Did you know that transferring your primary residence into your revocable trust will not affect your homestead exemption? #TuesdayTip  

Many things are still unknown about the new Tax Law. Attached is a review of the various Code provisions. The most important aspect is the “Expiration Dates” of the various sections. There has been a lot of discussion about the estate tax. It should also be noted that the income tax and several other sections […]

Robin A. Lloyd, Sr., Esq. January 23, 2018 Greetings from the Heckerling Tax Institute. They are trying to explain the new tax code this week. Since the Tax  Code has many parts, this is not easy.  Although a law has been passed the next step is the Regulations where Treasury explains what the Code means. […]

Robin A. Lloyd, Sr., J.D. January 9, 2018 GUNS, GUNS EVERYWHERE! Apparently, because of the concern over a potential firearms ban, a good number of people bought firearms over the last few years.  Because of our estate planning work, I started to think back at how many estate inventories I had with weapons in them. They […]