What Assets are in an Estate?
This is an important question to ask, because the answer could tell you whether you need to worry about estate taxes, beneficiary issues or probate concerns.
January 24, 2022
Planning items to consider in your 50s
If you are one of the many people who start getting serious about their finances as they reach their 50s, enjoy this guide for your next steps.
January 19, 2022
Non-Grantor Trusts can be Useful
One of the most useful estate planning tools is a trust, which can be used to create a legacy of wealth and protecting assets. One question to consider when creating one, is whether a grantor or non-grantor trust is more appropriate. A non-grantor trust is any trust that is not a grantor trust.
January 4, 2022
What is the Purpose of an ILIT?
Life insurance is a sophisticated financial product, with as many variations and permutations as there are creative insurance companies (there are many) and creative insurance planners (there are even more).
December 27, 2021
Avoid Major Retirement Regrets
A 2019 survey by Global Atlantic Financial Group, which sells annuities, asked more than 4,000 Americans, pre-retirees and retirees, about their retirement savings. Of those surveyed, 55% said they had regrets. The top three were that they: Did not save enough. Relied too much on Social Security. Did not pay down debt before retiring. However,…
December 10, 2021
When should You Consult an Elder Law Attorney?
Here’s what you need to consider, when looking to hire an elder law attorney.
December 7, 2021
Consider Gifting to Loved Ones before Tax changes
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
December 2, 2021
How to file Taxes after your Spouse Dies
About 1.5 million Americans become widows and widowers in a normal year, but the pandemic has boosted that significantly. The National Center for Family and Marriage Research at Bowling Green State University estimates that about 380,000 of more than 700,000 people in the U.S. who have died from Covid were married.
November 22, 2021
Providing Financial Security to your Heirs
Inherited assets come with benefits, along with some burdens
November 11, 2021
Consider a Family Meeting about Estate Planning
When there is a large inheritance at stake (or even when there isn’t), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable.
October 21, 2021