Anderson, Dorn & Rader Blog

Divorce means separation and starting over.  It means substantial life changes.  It is also time to reassess everything.  Whether you already had a financial plan in place or not, it […]

Many businesspersons are so focused on growing their businesses that they do not consider the potential consequences of divorce.  Whether the co-founders divorce each other, or one of the founders gets divorced, […]

Do You Know Your Trusts? from Brad Anderson The basic purpose of a trust, in estate planning, is to minimize estate taxes and avoid probate. There are many different types […]

Performing the duties of a trustee after the death of a loved one is an important duty.  The good news is, you aren’t expected to start working immediately, because the […]

The basic purpose of a trust in estate planning is to minimize estate taxes and avoid probate. What is a trust, exactly? It is a fiduciary agreement (one based on […]

What can you do if your mother or father has become incapacitated and no longer able to handle his or her own affairs.  You may have already obtained a power […]

Estate planning, with your minor children in mind, requires more than simply choosing someone to raise them.  Another equally important consideration is who will manage the money and property that […]

A trust can be a significant financial tool, helping you to control your money and provide for the future of your loved ones.  If you are wondering whether you should […]

Whether your children are visiting their grandparents out of town, or they are away at camp for two weeks, there may come a time when you will be unavailable to […]

Understanding the Uniform Transfers to Minors Act from Brad Anderson Transferring your property, through a gift or by trust, is a common transaction. However, transfers of property to minors are […]

The last will and testament is still very popular, certainly not the only estate planning instrument available.  There are many other options, some of which may be better suited for […]

If you are familiar with the concept of capital gains, you may have heard of the term “step up in basis.”  Generally speaking, capital gains is the difference between the purchase […]

  The first piece of federal legislation addressing this issue was passed in 1956 and was known as the Uniform Gifts to Minors Act. The initial statute was based on […]

If creating your retirement plan has not been a priority, it is not too late to start.  Although Social Security will provide a sparse amount of retirement income, it will […]

Appropriate estate planning requires time and money.  Unfortunately, people often try to save costs and cut corners by using “do-it-yourself,” boilerplate forms.  The bad news is, one size does not […]

  If you have special needs children, you have more issues to be concerned with.  Many parents are not prepared for the long-term expense of caring for special needs children. […]

The dynamics of a “blended” family make estate planning for such families a particular challenge.  But, with blended families becoming more and more common, being able to create an effective […]

Every business owner needs to develop a plan for transferring their business.  Some day you will want to retire, and you need an exit strategy.  Or you may just want […]