TODs can Derail an Estate Plan if not Coordinated
A primary benefit of using TOD/POD designations is that assets held in the account will pass automatically to the beneficiary without having to go through probate.
April 11, 2023
Protecting Inheritances in a Blended Family
As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
April 10, 2023
Asset Protection Trusts can address Long Term Care
The idea of asset protection for the purposes of protecting against long-term care costs is becoming both more sought-after and more necessary.
April 5, 2023
Qualified Disability Trust can reduce Tax Burden
A qualified disability trust (QDisT) is a special needs trust that qualifies for a federal tax exemption.
April 4, 2023
New changes to 529 Plans provide more Options
A type of education savings account called a 529 plan is just one of several tools families can use to prepare for the growing costs of higher education. While these plans can be beneficial for almost anyone since they let funds saved for education compound on a tax-free basis provided they’re used for eligible education expenses, individuals who live in states with special tax breaks for contributions tend to fare the best.
April 3, 2023
Take Care when using a Self-Directed IRA
An individual retirement account makes it simple to invest in assets like stocks, bonds and exchange-traded funds (ETFs). However, there’s a special type of IRA called a self-directed IRA that lets you own alternative assets like real estate.
March 29, 2023
There are Burial Benefits Available to Veterans
Veterans Affairs officials want to remind vets that some department benefits extend not only for the rest of their lives, but also after they pass away.
March 28, 2023
Planning to Protect your Pet after Death
Although in the past it may not have been the norm to provide for animals in our estate planning, times have changed.
March 27, 2023
Trust can be Designed to be Millennial Friendly
If your estate plan benefits Gen Y (also known as Millennials) it’s important to design a trust that supports what makes them thrive.
March 22, 2023
Corporate Transparency Act May Impact Estate Planning
The new federal law is called the Corporate Transparency Act (the “CTA”). The purpose of the CTA is to create a comprehensive, searchable, national database of companies.
March 21, 2023