THK Blog

If you’ve been named as executor of the estate of a friend or family member, be sure you understand the responsibilities and potential risks before you agree to serve. You’re not required to accept the appointment, of course, but once you...

There’s a common misconception that only married couples with children need an estate plan. In fact, estate planning may be even more important for single people without children. Why? Because for married couples, the law makes certain...

Much of estate planning focuses on transferring your wealth to loved ones in a tax-efficient manner. But for many people, it’s equally important to protect that wealth against frivolous lawsuits or baseless creditors’ claims. If your...

If you and your spouse have decided to retire to another country, or perhaps you’re pulling up stakes to move overseas for a job opportunity, it’s in your best interest to consider the income, gift and estate planning tax consequences of...

When it comes to estate planning, not all assets are created equal. If you own one or more guns, careful planning is required to avoid running afoul of complex federal and state laws. Without proper planning, there’s a risk that the...

A primary goal of estate planning is to ensure that your wishes are carried out after you’re gone. So, it’s important to design your estate plan to withstand potential will contests or other challenges down the road. The most common...

A health care directive is a critical piece of your overall estate plan. Why? It allows you to communicate your preferences in advance for medical care in the event you’re incapacitated and cannot express your wishes. However, depending...

If you’ve received, or will soon receive, a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But unless your current financial plan ensures that you’ll comfortably reach all your goals,...