Category: Estate Planning FAQ

The $250,000/$500,000 Home Sale Tax Exclusion

If you own your home and are thinking of selling, it can be important to understand the home sale tax exclusion so you can maximize your tax benefits. Did you know your exclusion may be up to $250,000 in capital gains if you are single, or up to $500,000 if you are married? Numbers like

Three Reasons Why You Should Have A Pet Trust In Your Estate Plan

For many people, pets are like members of the family. Perhaps you have wondered what will become of your beloved companion if you become incapacitated and after you pass away? A pet trust could provide the answer. Let’s take a look at three reasons why you may want to consider a pet trust. First, a

  • Clifford M. Cohen,
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What You Can’t Do With a Will

While a will is one of the most important estate planning documents you can have, there are things that it won’t cover. A will is just one part of a comprehensive estate plan. 

How Your Estate Is Taxed, or Not

Congress sets the amount that an individual can transfer tax-free either during life or at death. The current estate tax exemption is so high that very few estates will have to pay an estate tax. 

Married Couples Need an Estate Plan

Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members.