Posts Tagged ‘ specific gifts ’

Abatement 101: Which Beneficiaries Bear the Brunt of a Reduced Gift?

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I asked my young kids today if they knew what “abatement” was.  They replied, “Yes, Daddy, it’s the bottom floor in our house where all our toys and boxes and other stuff is!” To avoid the stigma of negligent parenting, I explained to them that within the estate planning context, abatement is the forced decrease…

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6 Fundamental Questions Your Will Must Answer

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Today’s post is going to be more exciting than a Roy Halladay playoff no-hitter, more intriguing than the latest UFO sightings over China, and more powerful than a locomotive.  For today, we will discuss how every clause in a will answers at least one of six essential questions about your final wishes.  As usual, basic…

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