Mark Klein has carefully created hundreds of living trust-based estate plans to carry out the recommendations he custom tailors to the specific needs of his clients. He also assists in the following related estate planning matters: Durable Powers of Attorney, Advance Healthcare Directives, Guardianships and Living Wills.

Powers of Appointment

Estate Planning – Powers of Appointment

A power of appointment is the power given to someone to allow that person to designate who will receive property or an interest in property. The creator of the power is called the donor, the individual having the power is the powerholder, and the possible recipients of the property are permissible appointees. There are other potential ramifications for powers of appointment that should be taken into account. All in all, whether to use a power of appointment and, if so, with what characteristics, are questions best answered with the advice of a lawyer well versed in estate planning.

estate planning

Top 8 Estate Planning Mistakes

Perhaps you have heard the expression: “If you fail to plan then you plan to fail.” This statement was never truer than for estate planning. By some accounts, 70% of adult Americans have no will or trust in place for their loves ones. Furthermore, others who initially did prepare an estate plan have failed to…

gir=ft tax

Gift Tax Break

Having a net worth of $1 million, or maybe even $2 million, does not give you entry into such a small exceptional group as used to be the case. By some estimates, between 5 and 6 million American households have a net worth of at least $2 million. This means that currently there are considerably…