Is Retirement Planning the Same as Estate Planning?

It’s best to create both together when possible so that they can complement each other. Here’s what you need to know.

01/20/24 • by: Goldsmith & Guymon, P.C.

What Questions Should You Ask an Estate Planning Attorney?

Estate planning is not as simple as executing a will.

01/19/24 • by: Goldsmith & Guymon, P.C.

Taxes that Affect an Estate

Estate tax and inheritance tax significantly impact an estate’s value. Estate tax is levied on the estate’s total value at death before distribution to beneficiaries. In contrast, inheritance tax is imposed on the beneficiaries based on the value of assets received. Understanding these taxes is critical for effective estate planning…

01/18/24 • by: Goldsmith & Guymon, P.C.

Maximizing Charitable Giving in Your Estate Plan with Knowledgeable Trust and Estate Counsel

Estate planning is a vital aspect of financial management, ensuring that your assets are distributed according to your wishes after your passing. Incorporating charitable giving into your estate plan can be a fulfilling way to leave a legacy, while reaping tax benefits. This article delves into the intersection of charitable giving and estate planning…

01/17/24 • by: Goldsmith & Guymon, P.C.

Make a New Year's Resolution to Do Your Estate Planning in 2024

Creating or reviewing an estate plan is something that many people know they should do but often put off. It’s natural to say things like: “I’ll take care of it later,” or “I don’t have enough money to have an estate plan.” However, life and circumstances happen that may be out of your control. Every adult needs…

01/16/24 • by: Goldsmith & Guymon, P.C.