Jeffrey Siegel
The ABC's of Estate Planning: Y is for...
Y is for YOUNG. The best way to begin an estate plan is do it while you are young and have all your estate planning options open to you....
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Jeffrey Siegel
- Aug 29
- 1 min
The ABC's of Estate Planning: X marks the Spot
X is for the “x” that appears on the signature line of any estate planning document, and in fact, almost every contract. A person needs...
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Jeffrey Siegel
- Aug 26
- 1 min
The ABC's of Estate Planning: W is for Witnesses
W is for WITNESSES. Most estate planning documents require signatures to be witnessed by two unrelated individuals over the age of...
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Jeffrey Siegel
- Aug 25
- 1 min
The ABC's of Estate Planning: V is for....
V is for VIVOS. Another Latin term, a transfer that is “inter vivos” is made during the life of the grantor, creating a possible gift...
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Jeffrey Siegel
- Aug 23
- 1 min
The ABC's of Estate Planning: U is for Undue Influence
U is for UNDUE INFLUENCE. One of the ways that a will, trust or power of attorney in challenged in court is by claiming that the person...
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Jeffrey Siegel
- Aug 22
- 1 min
The ABC's of Estate Planning: T is for Taxes
T is for TAXES. Because after all, as Benjamin Franklin wrote, the only things certain in life are death and taxes. There are three taxes...
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Jeffrey Siegel
- Aug 19
- 1 min
The ABCs of Estate Planning: S is for Stirpes
S is for STIRPES. One of the last Latin phrases left in estate planning is the term “Per Stirpes” “Per Stirpes” means that a bequest to a...
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Jeffrey Siegel
- Aug 16
- 1 min
The ABCs of Estate Planning: R is for Rule Against Perpetuities
R is for RULE AGAINST PERPETUITIES. Ever see the film “Body Heat”? The lawyer played by William Hurt makes an error when he fails to take...
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Jeffrey Siegel
- Aug 15
- 1 min
The ABCs of Estate Planning: Q is for QTIP
Q is for “QTIP” or QUALIFIED TERMINABLE INTEREST PROPERTY. Estate planners love their acronyms. QTIP is an election made by the Personal...
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Jeffrey Siegel
- Aug 11
- 1 min
The ABC's of Estate Planning: P is for Power of Attorney
P is for POWER OF ATTORNEY. One of the most important documents you are sign, this allows an “attorney-in-fact’ to act for you in most...
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Jeffrey Siegel
- Aug 9
- 1 min
The ABC's of Estate Planning: O is for Ownership
O is for OWNERSHIP. How your own real estate, bank accounts or any other property is crucial in crafting an estate plan. For instance,...
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Jeffrey Siegel
- Aug 5
- 1 min
The ABC's of Estate Planning: N is for "No Contest Clause"
N is for NO-CONTEST CLAUSE. If you are concerned that one of your heirs is litigious, a will or trust can provide that someone who sues...
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Jeffrey Siegel
- Aug 2
- 1 min
The ABC's of Estate Planning: M is for...
M is for MARITAL DEDUCTION. Remember that for all your advisors’ talk about estate taxes, there is an unlimited deduction for Federal and...
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Jeffrey Siegel
- Aug 1
- 1 min
The ABC's of Estate Planning: L is for "Life Estate"
L is for LIFE ESTATE. A popular estate planning technique is to have Mom and Dad transfer ownership of their residence or vacation home...
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Jeffrey Siegel
- Jul 29
- 1 min
The ABC's of Estate Planning: K is for Knowledge
There are very few terms or concepts in Estate Planning that begin with the letter K. Maybe none. So... K is for KNOWLEDGE. A little goes...
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Jeffrey Siegel
- Jul 28
- 1 min
The ABC's of Estate Planning: J is for "Jurat"
J is for JURAT. A will or other document that requires a Notary Public (or in some cases, an Officer of the Court) to sign the document...
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Jeffrey Siegel
- Jul 27
- 1 min
The ABC's of Estate Planning: I is for Inventory
I is for INVENTORY. After your death, your Personal Representative (Executor/Executrix) or Trustee is required to gather all your assets,...
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Jeffrey Siegel
- Jul 26
- 1 min
The ABC's of Estate Planning: H is for
H is for HEALTH CARE PROXY. Sometimes called a “medical power of attorney” the document allows a person or persons of your choosing to...
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Jeffrey Siegel
- Jul 25
- 1 min
The ABC's of Estate Planning: G is for Gift
G is for GIFT. When you transfer assets during your life, you are making a gift. Gifts are subject to gift tax to the extent they exceed...
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Jeffrey Siegel
- Jul 22
- 1 min
The ABC's of Estate Planning: F is for Fiduciary
F is for FIDUCIARY. A person who serves as your Personal Representative (Executor/Executrix) or Trustee will be assuming the...
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