ILITS are a Common Planning Tool
Life insurance is often a cornerstone of a comprehensive estate plan, particularly when an estate consists of largely illiquid assets.
October 26, 2022
Managing your Inherited Retirement Account
There’s almost always a reckoning when the government proffers a tax break. So it is with individual retirement accounts (IRA)s, 401(k)s and similar accounts that investors fund with pre-tax earnings.
October 25, 2022
Creating an Estate Plan with Minor Children
When preparing estate planning documents, certain beneficiaries may need more protection than others. One particular class of beneficiaries that needs to be intentionally considered is minor children.
October 24, 2022
Include Your Business in Estate Planning
When you own or operate a business, ensuring that this plan accounts for the future of the business is critical.
October 19, 2022
What Is the Purpose of a Guardian?
A frequent concern for those with aging loved ones is the future need for guardianship. Unfortunately, the concept of guardianship can be confusing and overwhelming.
October 18, 2022
Community Property Trust is Potential Tool
Getting a step-up in basis when each spouse dies can be a big tax advantage. It has not been available to those who live in common-law states. However, it may now be–through a community property trust.
October 17, 2022
The Difference between Revocable and Irrevocable Trusts
A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
October 13, 2022
A Life Estate can help Protect your Property
Chances are, your home is full to the brim with cherished memories of family and friends. But, as you get older, you may start wondering what exactly will happen to your home when you pass away. Fortunately, a life estate can take away the uncertainty of this thought by legally assigning an heir to receive your property without interference from court proceedings.
October 12, 2022
A Pet Trust will keep your Animals Safe
With the largest spike in mortality in the United States in a century, following the onset of the pandemic, providing for one’s pets after death has become a growing topic of conversation for many animal lovers across the country.
October 11, 2022
How to Manage Aging Parents Finances
Here are five ways to get started on this important issue of an aging parent’s finances.
October 5, 2022