THK Blog

Life insurance is a powerful tool for providing for your loved ones in the event of your untimely death. The amount of life insurance that’s right for you depends on your personal circumstances, so it’s critical to review your life...

When you leave property to charity in your will or revocable trust, it’s reasonable to assume that it won’t be subject to estate tax. After all, the charitable estate tax deduction excludes the value of donated property from your estate....

If you made gifts last year you may be wondering if you need to file a gift tax return. The short answer is that there are many situations in which it’s necessary (or desirable) to file Form 709 — “United States Gift (and...

If you wish to share some of your wealth with your grandchildren or great grandchildren — or if your estate plan is likely to benefit these generations — it’s critical to consider and plan for the generation-skipping transfer (GST) tax....

If you own an interest in a closely held business, a buy-sell agreement should be a critical component of your estate and succession plans. These agreements provide for the orderly disposition of each owner’s interest after a “triggering...

Even though it may not be top of mind when you’re developing or revising your estate plan, it’s important to consider how bequeathing assets to your family might affect them. Why? Because when your heirs receive their inheritance, it...

Many people include health care powers of attorney or advance directives in their estate plans to have some influence over critical medical decisions in the event they’re incapacitated and unable to make those decisions themselves. A...

If you’re charitably inclined, you probably know that donations of long-term appreciated assets, such as stock, have an advantage over cash donations. But in some cases, selling appreciated assets and donating the proceeds may be a better...