Lappin Estate Planning

It’s time to bust another estate planning myth.

People often believe that once they set up a trust, they’re covered forever. ❌

This isn’t true. Tax laws, assets, family dynamics and life circumstances change, and your estate plan needs to be updated to reflect those changes. ✅

If you run a family business, you want to be able to maintain control over business operations and decisions while being able to seamlessly transfer wealth to future generations with reduced estate tax exposure.

Business succession planning is an integral part of estate planning. If you need help with succession planning, reach out to the Lappin Estate Planning team! 👇
https://lappinestateplanning.com/contact-us/

Simple testimonials like these mean the world to us.

Thank you, Joseph, for the five-star review and for trusting us with your estate planning needs! ⭐

At Lappin Estate Planning, our firm was built on our core values.

1️⃣ Provide trusted expertise and legal guidance.
2️⃣ Communicate clearly and answer questions.
3️⃣ Create personalized estate plans that protect your legacy and your family.

Learn more about us on our website: https://lappinestateplanning.com/about-us/

There are countless estate planning myths out there, and we’re here to reveal the truth behind them.

Today’s myth is about probate. 👇

How can the team at Lappin Estate Planning help you with your estate plan?

The answer is simple. By providing expert legal guidance on all of your estate planning needs, including:
▶️ Wills and trusts
▶️ Probate
▶️ Business succession planning
▶️ Wealth transfer planning
▶️ Power of attorney
▶️ And more!

Visit our website to learn more about our full suite of services: https://lappinestateplanning.com/

Life insurance is a great way to provide financial security for your loved ones in the event of your death, but it can have significant tax consequences.

One way to reduce tax exposure is to hold your policy in an Irrevocable Life Insurance Trust (ILIT). By making the ILIT the owner of the policy, instead of yourself, you can effectively decrease your taxable estate.

Contact Lappin Estate Planning today for guidance on using ILITs in your estate plan: https://lappinestateplanning.com/contact-us/

On National Simplicity Day, we take time to step back and look for ways that we can simplify our lives.

One way to do that is to make sure you have a structured estate plan in place. 💪

Contact Lappin Estate Planning today to get started: https://lappinestateplanning.com/contact-us/

If you’ve ever heard of “stepped-up basis strategy,” you may know that it can be powerful in tax planning, but you may not know exactly how.

In short, a stepped-up basis strategy involves holding highly appreciated assets until death so your heirs can inherit the assets at market value, effectively avoiding the capital gains tax that would’ve been owed during your lifetime.

If you’re interested in learning if this strategy can benefit your estate plan, contact the Lappin Estate Planning team: https://lappinestateplanning.com/contact-us/

Happy Fourth of July from Lappin Estate Planning! 🇺🇲

Have a fun, safe day celebrating our nation’s freedom.