by Glenn Busch Esq. | Sep 21, 2023 | Estate Planning
Our tax system is designed to tax the aggregate of property transferred during an individual’s lifetime, commonly referred to as gifts, and the property transferred upon death. The total value of taxable gifts and assets transferred at the time of death must...
by Glenn Busch Esq. | Sep 19, 2023 | Estate Planning
Dr. Howard Tucker recently turned 101 last month. The neurologist, who was born in 1922 in Cleveland, Ohio, still works full-time and lives with his wife of 66 years. Insider’s recent article entitled, “A 101-year-old neurologist who still works full-time shares what...
by Glenn Busch Esq. | Sep 19, 2023 | Beneficiaries, Estate Planning, Executor, Planning for Minor Children, Probate
When crafting an estate plan, naming primary beneficiaries is critical in ensuring your assets are distributed according to your wishes. However, what happens if your primary beneficiaries predecease you or cannot inherit for some reason? This is where contingent...
by Glenn Busch Esq. | Sep 18, 2023 | Estate Planning, Executor, Probate
Planning for death-related events isn’t as fun as planning a weekend getaway. Therefore, you’d be forgiven for procrastinating. However, that doesn’t mean you can put off naming an executor forever, says a recent article from AARP, “7 Things to...
by Glenn Busch Esq. | Sep 18, 2023 | Estate Planning, Real Estate Purchase and Sales
Buying their first home is one of the most significant milestones in a person’s life. It’s a momentous occasion that often signifies financial stability and independence. Many parents want to support their children in achieving this goal, and one common...
by Glenn Busch Esq. | Sep 10, 2023 | Estate Planning, Incapacity Planning, Planning for Blended Families, Planning for Minor Children
Families are not unusual; a fight over an inheritance leads to a prolonged legal battle. Even Elvis, the king of Rock and Roll, was unscathed by an estate controversy. The Ascent’s recent article, “How to Create a Will That Keeps Your Family From...
by Glenn Busch Esq. | Aug 10, 2023 | Estate Planning, Probate
Why You Want to Avoid Intestacy When planning for the future, leaving things to chance is rarely wise. This holds especially true for your assets and estate distribution after you’re gone. Intestacy, or dying without a valid will, can lead to unintended...
by Glenn Busch Esq. | Aug 10, 2023 | Estate Planning, Planning for Minor Children, Real Estate Purchase and Sales
The family home is a testament to cherished memories, echoing with laughter, love, and shared experiences. As the custodian of this precious legacy, you might consider how to pass the family home to your children while safeguarding its significance and value. In this...
by Glenn Busch Esq. | Aug 9, 2023 | Estate Planning
Estate planning is an important process that allows individuals to protect their assets and ensure their wishes are fulfilled after they’re gone. One crucial aspect of estate planning is the use of trusts. Trusts aren’t just for the uber-wealthy; using one in...
by Glenn Busch Esq. | Aug 9, 2023 | Estate Planning
Estate tax avoidance and mitigation are central considerations for financial security for surviving spouses. According to a recent article from The National Law Review, “Basic Estate Tax Planning for Married Couples: Opportunities For Use Of Estate Tax Exemptions,”...
