How to Avoid a Long Will Probate: Utilize a Trust
After a loved one dies, their money and property must be distributed to the proper beneficiaries, either according to their Last Will and Testament...read more →
Three Things You Need to Know about Cryptocurrency and Your Estate Plan
Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling the digital currency. Here are three...read more →
Tax and Estate Planning: Gifting to a Charity
If you are considering donating to a public charity, you are not limited to donating cash. Depending upon your financial situation, giving...read more →
7 Common Strategies to Reduce the Value of Your Estate for Tax Purposes
MM&C Estate Planning Attorneys advise clients on strategies to reduce the value of an estate for tax purposes. Here are seven common strategies...read more →
What You Should Know About Fiduciary Income Tax Obligations of Trusts
Although trusts are effective estate planning tools used to avoid probate and minimize estate and gift taxes, their income tax implications must...read more →
Estate Planning for Athletes Part 2: Notable Real-Life Examples
Proper estate planning does much more than address what happens to your assets and property at death. It starts with taking control over your assets...read more →
Estate Planning for Athletes Part 1: Your Financial Game Needs a Winning Strategy Too
In the sports world, success often brings significant monetary compensation. While high earnings are a dream come true for many, it is important to...read more →
Wealth Transfer Strategies to Consider This Election Year
With the Democratic Party pushing to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes...read more →
Estate Planning Tip: Be Aware of a Recent Tax Court Ruling that “Loan” Is Actually a Gift
In a recent tax court case, Estate of Bolles v. Commissioner, T.C. Memo. 2020-71, 119 T.C.M. (CCH) 1502 (June 1, 2020), the court recognized that...read more →