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Estate Planning & Elder Law Blog

When Is Life Insurance Taxable?

While life insurance is typically not taxable, there are some notable exceptions that could play a role and are important to consider regarding any life insurance policy and benefit.
08/26/23 • by: The Law Office of John A. Laine, P.C.
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How Does an Intentionally Defective Grantor Trust Protect Generational Wealth?

Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?
08/24/23 • by: The Law Office of John A. Laine, P.C.
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Which Is the Best to Way to Transfer Wealth, Trusts or Wills?

Take the squabbling between siblings you've had to endure and referee as a parent. Now multiply it times age and money. That might give you some idea of the need to make your final wishes clear when the time comes to divvy up your assets.
08/17/23 • by: The Law Office of John A. Laine, P.C.
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Checklist Helps Put Affairs in Order

No one ever plans to be sick or disabled. However, planning for the future can make all the difference in an emergency and at the end-of-life. Being prepared and having important documents in a single place can give you peace of mind, help ensure that your wishes are honored and ease the burden on your loved ones.
08/17/23 • by: The Law Office of John A. Laine, P.C.
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IRS Changes Rule on Inheritance Taxes

The agency has curbed the tax break on a particular kind of trust that is often used to minimize capital gains taxes.
08/17/23 • by: The Law Office of John A. Laine, P.C.
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Never Put These Things in Your Will

Writing a will is not as simple as just slapping together a list of desires. However, there are some things you should not put in your will.
08/10/23 • by: The Law Office of John A. Laine, P.C.
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What Estate Planning Documents do we all Need?

One of the most difficult—and emotional—parts of caregiving can be having discussions about the legal side of aging.
08/02/23 • by: The Law Office of John A. Laine, P.C.
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Can You Keep a Vacation Home in the Family for Generations?

The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
07/27/23 • by: The Law Office of John A. Laine, P.C.
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What are the Benefits of Making a Living Trust?

There are some significant benefits of creating a living trust.
07/19/23 • by: The Law Office of John A. Laine, P.C.
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What is a Pour-Over Will?

This type of will can ensure that your assets go where you want them to. However, there are many misconceptions about them.
07/13/23 • by: The Law Office of John A. Laine, P.C.
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