In a move to preserve key elements of the 2017 Tax Cuts and Jobs Act (TCJA), as well as introduce new tax policies, lawmakers passed a new piece of legislation: the One Big Beautiful Bill Act, which was signed into law by President Trump on Friday, July 4, 2025.

Provisions of the bill either permanently or temporarily extend aspects of the tax code which affect individuals, businesses, and estates. This brings numerous financial planning implications and opportunities.

Trust administration is a crucial component of estate planning, ensuring that your assets are properly distributed according to your wishes after your passing. Consulting an experienced estate attorney can provide the necessary expertise to navigate trust administration efficiently and effectively, safeguarding your family's financial future and avoiding costly mistakes.

As your child embarks on their new journey into adulthood, creating a power of attorney, HIPAA, and health care directive for them is a simple but powerful step to ensure you can support them during emergencies.

By having an estate plan, you avoid a long drawn out, public and expensive process and make it private. It may be motivating to hear about the probate process.

When you pass away, in the absence of a Will/Trust, your estate undergoes probate, a potentially lengthy and expensive process.and default rules determine estate administration and property recipients.

I strongly recommend reviewing your estate plan every 3-5 years with your attorney to ensure it remains aligned with your wishes and circumstances.

It’s the number of beneficiaries that matter, not the number of trustees.