For many families, the vacation home holds an almost sacred place in the heart—where toddlers became teens, where holidays meant fireflies, fireworks or fireplaces, and where generations gathered without the distractions of daily life. But behind the memories, there's...
Estate planning typically focuses on passing assets to younger generations. However, a smarter tax strategy might be to leave those assets to your parents instead. This approach is the essence of a resourceful technique known as Upstream Support Trust ("UST")...
By Rena A. Ballard and Andrew J. Kelleher, Kelleher + Holland, LLC Families who have (i) loved ones with physical, mental, developmental, or behavioral disabilities, or (ii) aging family members with nursing home or long-term care risks, face unique challenges to...
By Edwin P. Morrow III, J.D., LL.M., MBA, CFP®, CM&AA® and Andrew J. Kelleher, Jr., J.D., CPA, LL.M. When it comes to estate planning, employing a diverse array of irrevocable trusts has emerged as an indispensable strategy for individuals aiming to preserve and...
Permanent life insurance is an often overlooked or underutilized asset class. With proper irrevocable trust planning, permanent life insurance can provide totally income tax-free and estate tax-free liquidity upon death to efficiently address estate taxes and keep...
Many of us have common objectives in estate planning. These include planning for potential disability, ensuring provision for our spouse and/or children or other loved ones, arranging for the distribution of our assets (and settling any debts) after our passing,...
By: Andrew J. Kelleher and Edwin P. Morrow, Kelleher + Holland, LLC When it comes to protecting your wealth from taxes, think of it like catching the savory wave. If you’ve got significant assets and want to avoid a heavy tax hit, it’s time to consider SURFing—Step Up...
