Entries by Michael Kling

Keeping Your Family in the Family Business

Has your family spent time and effort over generations building a business that you want to keep in the family for future generations? Many families have, and it is important to consider how to keep the business and its wealth in the family without creating a hardship for those whom you want to inherit. A…

One More Reason for Funding Your Trust

We hope you read this headline and realize you have no need of another reason to “fund” your trust because it is already done. If so, congratulations! You are making the most of the protections provided and the reasons for having a trust. If you have not completed the funding process, then this may be…

E-Wills: Electronic Estate Planning May Be In Your Future

You have likely seen a dramatic “reading of the will” portrayed on TV, or in the movies. In reality, this scene rarely plays out. It may become more likely, however, as estate planning increases its reliance on technology. As electronic estate planning laws expand, we will move to comprehensive digital documents and video recording of…

Legal Access to Your Digital Assets and Property

Whether we realize it or not, most of us have substantial amounts of “digital property” or “digital assets” (such as email accounts, social media accounts, blogs, and even investment accounts). Do you know what happens to that property when you pass away? Federal legislation regarding digital property does not yet exist and most states rely…

A Spouse’s Right to Unused Tax Exemption Amounts

Are you married? Is it your first marriage, or a subsequent one for either you or your spouse? If you can answer “yes,” or if you have an idea you may be married in the future, you should become informed about the spousal right to transfer unused portions of the federal gift and estate tax…