Pros and Cons of a Will vs. a Trust

Either a will or trust can be the foundation of your estate plan. If it’s a trust, it’s usually a revocable living trust.

07/29/23 • by: Goldsmith & Guymon, P.C.

It Can Take Time to Learn about Inheritances

You may not always know it if you have an inheritance coming. And in some cases, you may not even know the individual has passed on.

07/28/23 • by: Goldsmith & Guymon, P.C.

Married Couples can Use Estate Tax Exemptions in Estate Planning

A primary goal of most married couples when contemplating basic estate planning documents is to ensure that the surviving spouse, and commonly, the couple's children and grandchildren, are supported financially.

07/27/23 • by: Goldsmith & Guymon, P.C.

What are the Basics of Trusts?

When you think of a trust, you may have visions of contentious family gatherings in an attorney’s office after the death of a patriarch or matriarch. And sure, why not add sibling rivalries on par with the Roy family of Succession fame to keep things interesting?

07/26/23 • by: Goldsmith & Guymon, P.C.

What Is a Will?

A last will and testament is a legal document you use to communicate how you wish your assets to be distributed when you die.

07/25/23 • by: Goldsmith & Guymon, P.C.

Who Pays Taxes, the Estate or Heirs?

The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate.