THK Blog
Articles of interest written by THK attorneys for clients and friends to help them make the most informed legal decisions
Ensure your trust deposits are fully insured
Recent bank failures have increased concerns about the availability of Federal Deposit Insurance Corporation (FDIC) coverage for bank accounts held in trust. The rules regarding insurance of trust accounts are complex, and new rules will...
QTIP trust: The right trust for your blended family
If you’re currently in a second marriage and have older children from your first marriage, this trust should be of interest to you: a qualified terminable interest property (QTIP) trust. It can provide future security for both your...
Can you undo an irrevocable life insurance trust?
For years, people have been setting up irrevocable life insurance trusts (ILITs) to avoid estate tax on the death benefits paid out under their life insurance policies. But what if you have an ILIT that you no longer need? Does its...
Preparing for 2026: Four ways to build flexibility into your estate plan
January 1, 2026, is a significant date for estate planning. On that day, the federal gift and estate tax exemption amount set by the Tax Cuts and Jobs Act will sunset. Currently, the inflation-adjusted exemption stands at $12.92 million...
Estate Planning in a Digital World
Today, virtually everyone owns (or licenses) digital assets, from email and social media accounts to digital photos and videos to online banking and brokerage accounts. Unlike traditional, physical assets, digital assets leave little or...
Considering a Self-Directed IRA
An IRA can be a valuable tool in your retirement and estate planning arsenal, but what if you’re not satisfied with its performance? One option is to set up a “self-directed” IRA. Unlike traditional IRAs, which typically offer a limited...
Contributing to a 401(k) Plan: Traditional or Roth?
Most employers’ 401(k) plans give you the option of making contributions on a pre-tax (traditional) or after-tax (Roth) basis. So, how do you decide which is right for you? The answer depends on several factors, including your current and...
Decisions, Decisions: The Importance of Naming a Successor Fiduciary to an Estate Plan
Having a backup plan is never a bad idea. Indeed, the same line of thinking applies to your estate plan. Specifically, it’s important to name a successor fiduciary. This person can step in and take over if your executor or a trustee is no...
Make Sure Your Estate Plan is Up-to-Date by Reviewing These 5 Things
So you’ve established an estate plan with your attorney — made the tough decisions, written a will, and possibly created a trust. In an ideal world, it’d be time to simply “set it and forget it,” but unlike the rotisseries in those famous...
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