Avoiding Stan Lee’s Estate Planning Mess

Asking important questions over the process of approaching your own estate planning can help to minimize conflicts and concerns and enable you to pass on your assets to your loved ones more easily. Unfortunately, as any number of estate planning snafus can suggest, it is far too easy to end up in a mess that… Read More »

Should Millennials Plan Their Estate Now?

The investment portfolio of millennials is poised to change the estate planning industry. For many years, estate planners have largely been focused on providing support to baby boomers. Baby boomers will be passing on a significant amount of wealth to future generations in the next couple of decades, but the approaches that worked for baby… Read More »

Don’t Forget These Year End Tax Planning Strategies

New tax laws across the United States should encourage some Americans to evaluate their yearend tax strategies in order to further enhance their wealth. Don’t make the mistake of assuming that it’s time to jump right into 2019 without proper planning. These strategies can be especially helpful since your previous tactics and plans might have… Read More »

How Can a Trust Fund Be Used for Families?

There are many different advantages to establishing a trust fund and although you might have heard that these are primarily vehicles used by affluent families looking to pass on benefits into the future, trust funds offer a variety of benefits, such as safe keeping of assets and tax advantages like minimizing gift and estate taxes…. Read More »

What Are the Basics of Setting Up a Trust Fund?

Trust funds are frequently associated with affluent families that are looking for strict and controlled ways to pass on wealth to future heirs but there are many different advantageous reasons to consider setting up a trust even if you aren’t especially wealthy. Establishing a trust fund is not necessarily easy and you must consider all… Read More »

Are You Making These Life Insurance Mistakes?

If you already have a life insurance policy, there is no doubt that you feel peace of mind and comfort that your loved ones will be taking care of if something happens to you. However, big mistakes can be made if you consider the most common types of life insurance blunders. The most common mistake… Read More »

Avoiding Challenging Financial Conversations at Thanksgiving

Families gather around the Thanksgiving table to share tales from the year and have important conversations while everyone is together in the same room. However, this can also raise difficult financial situations and conflicts for those family members who are not on the same page financially. Although it’s a good opportunity to address critical financial… Read More »

Taxes & Estate Planning in 2018/2019

Estate planning might help to structure the distribution of wealth among the deceased’s children, spouse, and friends and relatives, and the second objective was to accomplish tax planning goals. Since the federal estate tax could be applicable for the decedent’s children, appropriate estate planning here helps wealth owners to protect the assets from avoidable taxation…. Read More »

Make Your Estate Simple for You and Your Heirs

Don’t let your estate plan be like the rich and famous. Most people assume they don’t need an estate plan because they’re not rich and famous, or they don’t have substantial assets that they believe would trigger the estate tax. However, if we’ve learned anything from celebrities in the last several years, it’s not a… Read More »

Every Business Needs Succession Planning

Plenty of studies have identified that numerous companies are skipping out on the process of estate planning and only learning the dangers of doing so after the fact when a business is forced to scramble very quickly. The talent gap is real across businesses in the United States and plenty of companies are feeling the… Read More »

What You Need to Know About Assigning QTIP Income Interest

The current estate tax exemption is $11.18 million and double that for married couples. There has been an increased emphasis in the estate planning industry on portability planning, particularly for those wealthy couples who have a combined estate that is above the $11.18 million mark but below the combined exemption amount. A portability plan considers… Read More »

Should You Give an Early Inheritance to Your Kids?

Should you give your kids an early inheritance? This is a common question asked of many estate planning advisors and professionals, but it is not one that you should undertake without the careful planning provided by a knowledgeable attorney. Giving your kids an early inheritance might seem like a good way to get things out… Read More »