Tag archive: lawyers

Estate Tax Audit…30 years later?

Since 2012, when Congress passed the American Taxpayer Relief Act, “portability” has been the heart of many estate plans for married couples. Portability allows a surviving spouse to use the deceased spouse’s unused estate tax exclusion (currently $5.49 million). A common estate planning goal of a married couple is to take full advantage of both…

Charitable, Religious and Legacy Bequests

As we progress throughout our lives, we seek meaning in our family, social, religious and work relationships. “The future must be seen in terms of what a person can do to contribute something, to make something better, to make it go where he believes with all his being it ought to go.” – Frederick R….

Avoiding The Perils of Probate

Whether you are an expert in probate and have dealt with it on multiple occasions or a rookie, we can all agree on one thing: probate kind of sucks and should be and can be avoided. Let’s start with the basics: What is probate? Probate is a Court-guided process whereby a deceased individual’s financial affairs…

Under Missouri Law, Corporate Trustees are Easily Ousted

Historically, Missouri trust law prevented beneficiaries of a trust from replacing a trustee absent a showing that the trustee had committed a breach of trust. This law tended to insulate investors administering trusts from competition. Even if beneficiaries were dissatisfied with a corporate trustee who obtained average returns and charged high fees, they could not…

Estate Planning for the Brady Bunch

As if estate planning didn’t already seem complicated enough, blended families now make up a growing portion of our demographic and pose many additional considerations when trying to plan for the transition of their estate. When I started my practice as a wealth planning attorney, I would say about two out of ten families that…

What You Don’t Know Can Hurt You

So I’m an estate planner …well … what’s that mean? That’s a question I get all the time, whether by a prospective client or a neighbor or somebody sitting next to me at the bar.  My answer: I make things easier for families during the worst possible situations.  Whether that is a result of a…

Something Old, Something New

Over the years, estate and gift taxation has often been a see-saw of policy and tax rate changes. As administrations come and go, it seems so do the tax rates on estates and gifts. From 1 million to 5 million to unlimited millions, the administrations lead our planning to be based on a “best guess”…

Trouble in Transition

“Life is pleasant. Death is peaceful. It’s the transition that is troublesome” By Isaac Asimov, American science fiction novelist and scholar Though it may not be exactly what Isaac Asimov meant, I couldn’t help but think about his quote this past week as my family faced the unexpected and WAY too soon passing of one…

Planning Prevents Burdening

Hello and welcome back to the Sandberg Phoenix Wealth Planning Blog. March is here, and even with Winter Storm Titan presently passing overhead, March still makes me think of spring and gets me in the mood for spring cleaning. As I was packing up clothes our little one has grown out of and separating stuff…

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