The doctrine of election is a legal principle that prohibits beneficiaries from challenging the terms of a will if they have already chosen to receive benefits under the same provisions. Determining when this doctrine is triggered can be difficult, so if you need help determining whether this theory could bar your own attempts to contest […]
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No one can predict the future, especially when it comes to our own mortality. For this reason, it usually pays to be as prepared as possible when it comes to the estate planning process. This includes not only creating an initial estate plan, but also updating that estate plan after major life changes. Failing to […]
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While all estate plans are supposed to take care of a person’s final affairs, the way in which that is achieved depends on the type of instrument used to protect and distribute the assets in question. For instance, many people choose to create living trusts, which allow individuals to hold their own property in trust, […]
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In December 2017, the Tax Cuts and Jobs Act (TCJA), which represented the most significant federal tax code overhaul in the last 30 years, was signed into law. The changes instituted by the TCJA affect both individual taxpayers and businesses in a number of different ways, primarily by reducing individual income tax rates, doubling the […]
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