Leaving Property in Trust is Common
Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.
May 25, 2022
Have a Plan before You become Incapacitated
Many people ask what would happen if they were in the hospital and unable to make their own medical decisions? The answer depends on whether you planned ahead.
May 24, 2022
How Divorcing over Fifty effects Estate Planning
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
May 23, 2022
Roth IRAs are Powerful Retirement Savings Tools
Roth individual retirement accounts allow you to pay income tax on your retirement savings upfront, so you won’t be stuck with a tax bill in retirement when you can least afford to pay it.
May 19, 2022
The Estate of The Union Season 2 premiere – Millennials’ Mysteries Uncovered Part 2
The Estate of The Union Season 2 premiere – Millennials’ Mysteries Uncovered Part 2 is out now! Millennials are often seen as a mysterious generation
May 18, 2022
Inheriting a Home with a Mortgage
Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.
May 17, 2022
LLCs can Reduce Estate Taxes
These vehicles let a family manage multiple interests, preserve parental control and protect assets from claims of creditors and divorcing spouses, among other benefits.
May 16, 2022
Mistakes can lead to an Invalid Will
When considering whether to contest a decedent’s Last Will and Testament, an individual should consider whether red flags might be present which may point to a successful basis to challenge a disputed Will.
May 11, 2022
Portability can be used to Protect Farm
One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability.
May 10, 2022
Safeguard your Inheritance from Divorce
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
May 9, 2022