Modern Wealth Law

01/31/2025

Estate Planning can be a foreign term for many. What does Estate Planning mean? Why do we need Estate Planning? What documents are included in Estate Planning? These are just some of the questions we discuss. Can DIY estate planning work?

Estate Planning can be a foreign term for many. What does Estate Planning mean? Why do we need Estate Planning? What documents are included in Estate Plann...

10/07/2021

Our Single Parent's Guide to Estate Planning was published in Divorce Magazine today.

Estate planning is essential for everyone, particularly single parents. Here are some things to consider if you're a single parent.

07/17/2021

It has been a busy 8 years, but we finally got around to revamping our website.

06/12/2018

Physicians have unique estate planning needs that must be specifically addressed. These issues range from protection against medical malpractice claims to ensuring your medical practice is maintained during incapacity or death.

Estate Planning for Doctors Estate planning for everyone is important. However, for physicians, estate planning becomes even more important for three reasons: 1) Asset Protection or Liability Protection; 2) Proper Structuring of Your Professional Practice; and 3) Tax Planning for High Wage Earners a...

01/03/2018

http://modernwealthlaw.com/estate-tax/tax-reform-basics-tax-cuts-and-jobs-act/

Tax Cuts and Jobs Act If you have turned on the radio or the TV in the past 12 months, you have probably heard about Tax Reform and President Trump's "Tax Cuts and Jobs Act." Regardless of your political perspective, the Tax Cuts and Jobs Act is the biggest tax reform in more than thirty years.

06/01/2017

Do you want to keep your name, home address and financial information out of public record?

Keeping your home address private not only protects your information, it is also a great creditor protection tool. This can be done before or after purchase!

05/16/2017

The need for estate planning without children is not always immediately evident. However, without an estate plan, there is a very good chance that the wrong people will be responsible for managing your assets, health care and lifestyle while you are still alive.

http://modernwealthlaw.com/estate-planning-basics-101/estate-planning-without-children/

Estate Planning Without Children The need for estate planning without children is not always immediately evident. Most people think about estate planning from the perspective of what happens when you die. While this is certainly an issue that needs to be addressed in your estate plan, it is not nec...

04/03/2017

Estate Planning for Blended Families (Second Marriage) http://modernwealthlaw.com/divorce/estate-planning-blended-families/

Estate Planning for Blended Families Estate planning for blended families requires addressing issues specific to the blended family scenario. What is a Blended Family? Generally, in the estate planning world, the term "blended family" is used to describe a family where there is one or more step-chil...

11/09/2016

Trump plans to repeal estate taxes and also allow a step-up in basis on assets up to $10 million. http://modernwealthlaw.com/estate-tax/trump-proposal-estate-tax-repeal/

President-elect Donald Trump made several promises during his campaign for President. As your estate planning attorney, we have focused on Trump's promises related to estate tax reform. Based upon Trump's tax plan, the following are Trump's proposed changes to the federal estate tax regime during hi...

10/13/2016

http://modernwealthlaw.com/trust-funding/heggstad-petition-house-not-in-trust-death/

Are you a trustee and trying to sell your parent's or spouse's house after they have passed away? Did he or she have a Trust, but the house was in his or her individual name (not in Trust)? An all too common problem. Enter the Estate of Heggstad to the rescue! The Problem: House Was Not