A private family foundation is more than a legal entity—it’s a commitment to philanthropy, education and legacy. By understanding its advantages and drawbacks, families can make informed decisions about whether a foundation, donor-advised fund or another giving vehicle suits their vision. When structured properly and managed wisely, a family foundation can serve as a pillar of philanthropy, shaping positive change in the world while bringing generations together around a shar

Estate planning for pets is an expression of love and responsibility. The law views animals as property, but owners have the power to ensure their companions receive lifetime care, love, and financial security. Without a plan, animals may end up in shelters or with caregivers who cannot or will not provide for them. With a proper plan, pets can continue to thrive, maintaining their routines and receiving medical care, even after their owners’ deaths.

Estate and gift tax rules are changing in 2025. The federal estate tax exemption is $13.99M per person, with the One Big Beautiful Bill Act boosting it to $15M in 2026. Learn how to use annual $19K gift exclusions, portability, and strategies like ILITs, GRATs, QPRTs, and charitable trusts to minimize estate taxes, reduce state inheritance exposure, and preserve more wealth for heirs.