Are 2 or More Fiduciaries Better Than One?

There is no denying that choosing a fiduciary—the individual or entity responsible for another’s financial affairs—is a difficult decision.  Who is the best choice for Executor of your will, or Trustee of your trust?  These fiduciaries are entrusted with your estate and expected to fulfill your wishes about the  management and distribution...

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GOLFING4LIFE 2021

After having to cancel our 2020 tournament, we are happy to announce that the 5th Golfing4Life Tournament will be held July 21st at the Links at Lang Farm.  Jarrett & Luitjens is a proud co-host to this tournament that raises about $10,000 for the Cancer Patient Support Foundation’s Emergency Fund.  The Emergency Fund supports...

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CHANGE OF MIND, CHANGE OF ESTATE PLAN

Ancient Greek philosopher Heraclitus maintained that change is the only constant in nature.   Modern times continue to demonstrate that change is inevitable, and human behavior models that same understanding.  In the area of estate planning, attorneys strive to draft plans that are flexible, withstand passage of time, and anticipate certain life changes. ...

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TIP / NEWS: NEW NUMBERS FOR 2021

Estate/transfer tax

Vermont estate tax exclusion: $5,000,000

Federal estate and lifetime gift tax threshold: $11,700,000

Federal gift tax exclusion (annual): $15,000 [no change from 2020]

Vermont Medicaid

Community Spouse Resource Allowance: $130,380

Home Equity...

HELLO 2021—LET’S GET MOTIVATED!

Is there anyone sad to say goodbye to 2020?  For many of us, 2021 epitomizes the symbolic renewal of a new year, with an extra kick of life motivation.  In what ways will you channel this energy?  Unread books, unfinished household improvements, abandoned fitness routines, neglected personal affairs?  This may be the...

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FIGHTING PANDEMIC BLUES

Many of us are suffering from pandemic fatigue—at home, in the workplace, and in the community.  Are you taking time for your mental health? And are you finding creative ways to safely connect with family, co-workers, and friends?  Because our office maintains a hybrid model of remote and in-office scheduling, our entire...

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Lady Bird Deed Has Soared into Vermont Statutes

An Enhanced Life Estate Deed (ELED), sometimes referred to as a “Life Estate Deed with Reserved Powers,” “Lady Bird Deed,” “Medicaid Deed,” or “Italian Deed,” graduated from Vermont’s common law into Title 27 of the Vermont Statutes when Governor Phil Scott signed the Vermont Enhanced Life Estate Deed Act into law...

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INDOOR SCAVENGER HUNT-ESTATE EDITION

There’s no debating that we are living through unprecedented and challenging times right now.  While many are combating this pandemic on the front lines, many more of us are following the “stay home, stay safer” model prescribed by our leaders.  And staying home may be on our agenda for longer than originally...

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