There is a Difference Between Alzheimer’s and Dementia
While symptoms of Alzheimer’s and dementia do overlap, they should be treated as separate entities to best address the conditions medically.
December 10, 2020
How Do You Handle A Large Inheritance?
Let’s start with the numbers: 10 and 1,000,000,000,000. Over this decade, $1 trillion is expected to change hands through inheritance. The majority of that will end up in the hands of baby boomers. While one study found that the average inheritance was only $50,000, there will be a lot of inheritances in the $1 million-plus range.
December 9, 2020
Estate Planning Presents Emotional Challenges
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
December 8, 2020
Probate can affect Real Estate Transactions
Is it better to transfer the title of the home to us, or to leave it as it is given her age and go through probate?
December 7, 2020
Implementing Succession Plans Before Year Ends
We currently have the highest estate tax exemption and the lowest intra-family interest rates in history. That combination alone is significant, but when mixed with the potential for lower estate and gift tax exemptions and depressed business valuations, you have a potent catalyst for transitioning ownership.
December 3, 2020
Business Owners May Need a Power of Attorney
As a business person you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have.
December 2, 2020
Understanding What Legacy Planning Means
To ensure a lasting legacy, you need to get your documents in order and have a clear plan for how your wealth will transfer, avoiding taxes and inheritor pitfalls along the way.
December 1, 2020
Brad Wiewel Talks About Estate Planning Tips
In today’s blog post, Brad Wiewel talks with NBC affiliate KXAN’s morning show, Studio 512, about estate planning tips for 2021. He and host Rosie
November 30, 2020
Creating a GRIT Could Have Some Benefits
Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.
November 24, 2020
Failing To Put Assets Into Trusts
Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.
November 23, 2020