Estate Planning Blog

Which Trust, Revocable or Irrevocable?

There are important differences between the two types of trusts, including the amount of control you'll have over your assets.
09/29/23 • by: Goldsmith & Guymon, P.C.
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Do I Need a Will?

A will can distribute any and all assets that the decedent had rights to.
09/28/23 • by: Goldsmith & Guymon, P.C.
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What Is a No-Contest Clause?

No-contest clauses deter challenges to your estate plan. However, you might want to consider terms that allow for legit challenges related to undue influence.
09/27/23 • by: Goldsmith & Guymon, P.C.
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Is a Power of Attorney Really Necessary?

A document usually included in an estate planning package is a financial power of attorney. What is a financial power of attorney?
09/26/23 • by: Goldsmith & Guymon, P.C.
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What are the Different Types of Trusts?

While a simple living revocable trust often meets the needs of many individuals, some require more specialized trusts to achieve their goals.
09/23/23 • by: Goldsmith & Guymon, P.C.
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Do I Pay Taxes When I Inherit?

An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky.
09/22/23 • by: Goldsmith & Guymon, P.C.
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Everyone Needs an Estate Plan

Life is unpredictable. At least some uncertainties and concerns can be addressed with a good estate plan that offers a wide range of benefits intended to protect one’s well-being and family’s wealth.
09/20/23 • by: Goldsmith & Guymon, P.C.
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How can You Make Changes to Estate Plan?

Wills and trusts are typically changed over time as life circumstances, the state where you reside, or your desired outcomes change.
09/19/23 • by: Goldsmith & Guymon, P.C.
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Unmarried? What You Need to Know about Estate Planning

Unmarried couples don’t receive the same legal protections as married couples when it comes to inheritance and taxes.
09/18/23 • by: Goldsmith & Guymon, P.C.
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Wrong Form Leads to a Trust Forfeiting a Large Tax Refund

The moral of this tax tale is that you have to be careful about making sure you file the right tax form to get what you want.
09/16/23 • by: Goldsmith & Guymon, P.C.
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