As the year draws to a close, most of us start thinking about our ‘New Year’s Resolutions.’ Year after year, it seems the most popular choices include resolving to lose weight, get organized, spend more time with family, quit smoking/drinking, or donate time to charity. At Smith & Garg, we wish you and your families [...]
Entries Tagged as 'Estate Planning'
Should old acquaintance (not your estate planning!) be forgot…
December 29th, 2008 · No Comments
Tags: Estate Planning · Estate Taxes · Gift Taxes · Law · Tax Planning · wills
Do-Not-Resuscitate Orders: Do-Not-Prepare?
December 23rd, 2008 · No Comments
Advance directives (such as a Statutory Durable Power of Attorney, Medical Power of Attorney, Living Will, or HIPAA Release) are an important component of any well-prepared estate plan. They are legal documents that direct how your affairs are to be handled or how decisions are to be made in the event you are incapacitated [...]
Tags: Estate Planning · Law
Bigger tax-free wealth transfers in 2009: Happy New Year
December 22nd, 2008 · No Comments
As we approach the close of 2008, it’s important to recall the wealth transfer tax changes that are heading our way in the new year. Changes in the amounts that may be transferred free of tax in 2009 are being increased on both the federal estate tax and gift tax fronts.
The Economic [...]
Tags: Estate Planning · Estate Taxes · Gift Taxes · Law · Tax Planning
Why do I need a lawyer to draft my Will?
December 4th, 2008 · No Comments
This is a very common question, and one that is very important to address. Why hire an attorney to prepare your Will when legal software, internet downloads, and office supply store forms abound? Easy fixes and DIYs offer to fulfill your estate planning needs for a low, low price in the comfort of your [...]
Tags: Estate Planning · Law · Probate · wills
“…Give it away now”: Lifetime gifting as an estate planning strategy
November 20th, 2008 · No Comments
The thought of discussing lifetime gifting with your estate planning attorney may seem counterintuitive. After all, one typically visits their estate planning attorney to discuss matters such as distributing assets at death or planning for incapacity. Gifting, however, often serves a direct role in planning your estate, particularly when it comes to wealth transfer [...]
Tags: Estate Planning · Estate Taxes · Gift Taxes · Law · Tax Planning