Day: April 16, 2021

For most people, the durable power of attorney is the most important estate planning instrument available — even more useful than a will. 

As life circumstances change (births, marriages, divorces, and deaths), it may become necessary to make changes to your will. 

If you want to make a gift to family members but have exceeded the annual gifting limit, there is another way. Payments for a family member’s education or health care expenses are exempt from the gift tax. 

All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your current goals. Here is a checklist of trust features you can review yourself.