by Michael Baker | Feb 8, 2021 | Asset Protection, Trusts
An irrevocable trust is a specific category of trust with terms that cannot be changed or modified in any way without the express permission of the grantor’s beneficiaries. By placing assets into the trust, the grantor officially transfers ownership of those assets to...
by Michael Baker | Feb 2, 2021 | Estate Planning
We are now in the depth of winter, all while a global pandemic continues to affect everyday life here in the United States. As such, people are spending a significant amount of time at home. Now is a perfect time for you to review your estate plan if you have not...
by Michael Baker | Jan 6, 2021 | Estate Planning
The best New Year’s resolution for 2021 is one that will benefit and protect your family and loved ones. If you have not done it yet, make 2021 the year that you review your estate plan. Being prepared for the unexpected can help everyone during a time of stress and...
by Michael Baker | Dec 28, 2020 | Asset Protection, Financial Management
The federal estate tax is a type of tax that applies only to large, valuable estates. It is levied when those estates’ assets pass from a decedent to their heirs and beneficiaries. There is a federal estate tax that applies to all estates of a certain value (see...
by Michael Baker | Dec 15, 2020 | Estate Planning
A will is a highly beneficial estate planning tool—the vast majority of estate plans will include a will. However, a will alone is not enough for you to take care of all of your affairs and guarantee all of your wishes are followed. Here are a few reasons why you’ll...
