Estate Planning Blog

Kiddie Tax Fix in SECURE Act

On January 1, 2020, the SECURE Act set new rules for the distribution of retirement assets after death.

What is an Irrevocable Trust?

An irrevocable trust is a separate legal entity, with its own tax identification number, set up by the trust creator (Settlor) to hold assets. Once assets are transferred to an Irrevocable trust, they cannot be taken back,…

What is a Revocable Trust?

At its most basic level, a Revocable Trust is an agreement that directs the management of the assets owned by the trust during lifetime, in the event of disability, and upon death. During lifetime, the trust creator (we will…

The Federal SECURE Act Establishes New Rules for Distribution of Retirement Assets after Death

The new law dramatically changes the estate-planning alternatives for these assets.

Estate Planning for the Blended Family

One thing often overlooked when parents remarry is the importance of updating or creating their estate plans.

October is National Financial Planning Month

October is National Financial Planning Month and we at Eckberg Lammers commend to all our clients the benefits of planning and the virtues of financial planners.

Should Probate be Avoided?

Best ways to avoid Probate in the right situation.

Are You Ready to Pass on Your Business

You have spent years creating a company. You have put in sweat, money, time and energy into building a legacy for your family and community. But now it’s time to hand over the reins. Are you ready? The Baby Boomer generation…

It’s Never Too Early For An Estate Plan

Spring is in the air and that means the season of weddings has begun. Marriage is such an exciting life event and an extensive amount of planning goes into the big day. But are couples – and their parents – ensuring that…

Estate Planning for Snowbirds Who Have Homes in Multiple States

Tom Dove and Nancy Turtle married, made their home in Minnesota and raised children. As time went on, they grew tired of the long winters and began to dream of warmer climates. After their children graduated from college,…

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