StokesLaw™ Briefs

In this last installment of a three-part series, Ellen Jackson reviews the benefits of having an irrevocable life insurance trust.

In this second installment of a three-part series focused on life insurance, Ellen Jackson explains some of the lesser-known policy options, such as universal, variable and survivorship policies.

Many estate plans include some form of life insurance. Understanding the different types of life insurance is critical for selecting the best product to meet your needs in light of your overall estate plan. Ellen Jackson explains the basics of term and traditional whole life insurance.

Wills do not typically govern "nonprobate assets." Jenna Ichikawa reminds readers that it is critical to consider what nonprobate assets they own, how those assets will pass at death, and whether the transfers are aligned with their overall estate plans.

Successful estate planning for families with significant rental real estate business income involves coordinating complex income tax rules with dispositive planning. Katie Groblewski and RoseMary Reed discuss the importance of the choice of fiduciaries for the trust, the practical aspects of managing trust-owned real estate and the potential tax impacts of the resulting managerial structure.

Jenna Ichikawa explains how grantor trusts can be powerful planning tools.