I’m sure most of you are glad the tax filing deadline has come and gone, although I suspect there are plenty of you that have postponed the inevitable with an extension.  Either way, just getting through the April deadline seems to remove much of the anxiety surrounding taxes in general and can allow us to


Last month’s Captain’s Table piece, was the first installment in a three-part series on estate planning. Estate planning is the “most overlooked, misunderstood and procrastinated piece” of the financial plan for most families, when it really shouldn’t be. Putting together a good estate plan is relatively straight-forward, especially with the help of an experienced attorney, and is not as costly, complex or time-consuming as you might think.

In Part one, we discussed the will and the trust. We discussed why the will is the foundation of any estate plan and how a trust can be a flexible, efficient and an inexpensive tool that complements the will, and can also helps keep matters private and outside of the public record. In this installment, we’ll focus on the history of the estate and gift tax system and how present laws impact bequests made while living and at death.

Importance of Estate Planning

Estate Planning is one of the most important steps that any person can take to ensure that their property and their health care wishes are honored, and that loved ones are provided for in their absence (either death or incapacitation).