Estate Planning Library
The articles below offer a wide range of estate planning information, including both strategic and technical aspects of developing a thorough estate plan. These articles are intended to provide an overview of just some of the various techniques deployed by the attorneys at Overom Law, and to provide clients with initial information to help inform their decision-making process. Contact Overom Law to discuss how we can help navigate the complexities of the planning process, and determine the optimal structure that is right for your specific situation.
See Disclaimer.
Disclaimer Trust Wills
A Disclaimer Trust Will allows families to wait and see what actual circumstances are before tying up assets in trusts during the life of the surviving spouse.
Estate Planning | A Case Study
As with all planning, an experienced, competent professional can steer you through the issues and make sure that your estate plan does not impact the way you want to live the rest of your life.
Estate Planning Checklist
While we choose to gather the relevant information from our estate planning clients in our initial interviews with them, here we provide a summary of some of the information that is useful/essential in the estate planning process.
JOINT OWNERSHIP
We describe some of the legal and tax issues that result from the creation of a joint bank or investment account.
LIFE ESTATES
A life estate is very simple and cheap to create. But, by creating a life estate, you are giving up control of your property and the only persons that will benefit from the transfer is the person you transfer the property to- not you.
Marital Deduction Trusts
Marital Deduction Trust planning has been a very popular estate planning tool for decades, and it works very well to save federal estate taxes. As with any estate planning tool, there are drawbacks, however, and before utilizing the Marital Deduction Trusts as part of your estate plan, you should seek the advice and counsel of a competent estate planner.
Proper TITLING OF REAL ESTATE
There is no “correct” titling of assets for all individuals. What is important is to recognize the options that are available for titling of real estate and to ask that all of the options be considered and thought about at the time of taking title of real estate or when you are involved with estate planning.