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Partner and Chair of Trusts and Estates Group,
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Estate attorney Tracy Craig is a partner and chair of Mirick O'Connell's Trusts and Estates Group. She works with individuals in all areas of estate and gift tax planning, ranging from testamentary estate planning, including business succession planning, to sophisticated lifetime leveraged gifting techniques. She also specializes in estate administration, prenuptial agreements, guardianships and conservatorships, and all aspects of charitable planning, including the formation and operation of tax-exempt organizations, ranging from private foundations to public charities. She serves in various fiduciary capacities, including trustee, conservator and personal representative. She also works with clients on issues facing elders.
Craig is a Fellow of the American College of Trust and Estate Counsel and an AEPÂ®. She has received an AVÂ® Preeminent Peer Review Rating by Martindale-Hubbell, the highest rating available for legal ability and professional ethics.
Giving appreciated stock shares, donating your RMDs and using charitable remainder trusts are just a few of the options you may not be aware of to help charities and your heirs at the same time.
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Sometimes it can be wise (or just pleasurable) to give your assets away while you're still alive.
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Who will feed Fifi once youâ€™re gone? It's something you should probably put in writing. There are three different ways to do that, some offering more protections than others.
A long life is a great gift, but with the joys come some financial and legal challenges. The earlier you act to address them, the better off you and your heirs will be.
If youâ€™re thinking about it because you want to make sure it stays in the family or you have some concerns about Medicaid in the future, be careful. There can be serious consequences if not executed just right.
Thanks to the new tax law, that's what some people may think. But estate planning is about a lot more than just taxes.