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On Behalf of Johnson, Carroll, Norton & Kent P.C. | Nov 20, 2024 | Trusts
We’ve all heard the saying, “The only things certain in life are death and taxes.” But what’s truly unfortunate is there are taxes after death! However, there are some trusts that can reduce the tax liability for your beneficiaries. What is a generation-skipping...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Nov 12, 2024 | Trusts
Those who benefit from intergenerational wealth or achieve career success may have ownership over valuable resources. They need to plan carefully to pass those resources on to their chosen beneficiaries. Many people can achieve their legacy goals with a will, but...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Nov 12, 2024 | Wills
If you are making an estate plan, a good place to start is by writing a will. This isn’t necessarily the only document you need—you may also use a power of attorney or set up a trust. However, a will is the foundation of the estate plan. Why is a will so important?...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Oct 30, 2024 | Trusts
When you have an adult child with special needs, it’s not unusual to worry about their future after you’re gone. That’s why a lot of parents in that situation create special needs trusts to provide for their comfort and care. When you create a trust, of course, you...
On Behalf of Johnson, Carroll, Norton & Kent P.C. | Oct 14, 2024 | Wills
There’s no legal obligation to talk to your beneficiaries when drafting an estate plan. You can simply let them find out what they inherit after you pass away. You don’t even have to tell someone if you’re disinheriting them. However, if you want things to go...
