The question of when an estate tax return is due often leads to a more important discussion about estate planning itself. For most Americans, the answer to the timing question is simple: never. With the federal estate tax exclusion at $15 million in 2026, very few estates will ever need to file Form … [Read more...] about When Is an Estate Tax Return Due?
Can a Trust Own a Life Insurance Policy?
You probably think of a life insurance policy as something you own personally. After all, you applied for it, you pay the premiums, and when you die, the money goes to your family. That's how most policies work. What surprises many people is that this arrangement, while simple, can create a … [Read more...] about Can a Trust Own a Life Insurance Policy?
Trust Administration vs. Probate: You Be the Judge
When someone dies, their assets do not automatically pass to heirs. A legal process must go into motion to transfer ownership, resolve outstanding obligations, and carry out final instructions. In South Carolina, that process typically takes one of two forms: probate or trust administration. Both … [Read more...] about Trust Administration vs. Probate: You Be the Judge
Legacy Planning Strategies for Modern Families
When you think about your family’s future, you want more than just financial security. You want peace of mind knowing that your loved ones will be cared for, your assets will be protected, and your legacy will reflect your values. That’s where legacy planning comes in. Unlike traditional estate … [Read more...] about Legacy Planning Strategies for Modern Families
2026 Estate Tax Exclusion Reaches a New High
As the new year rolls in, we will see some changes to parameters that impact government benefits and taxation thresholds. From our perspective in the inheritance planning field, all eyes are on the estate tax exemption level that will be in place for the coming year. Now that we are there, the … [Read more...] about 2026 Estate Tax Exclusion Reaches a New High
Inheritance Transfers: Exploring the Options
When you think about leaving an inheritance, the focus often lands on the people who will receive it. But the method of transfer is just as important. The legal tools you choose will determine how smoothly assets pass, how taxes are handled, and whether court involvement is required. With … [Read more...] about Inheritance Transfers: Exploring the Options
