Why do I Need an Estate Plan Anyway?
Most if not all people should have and can benefit from a comprehensive estate plan. In this article, we will cover some of the common reasons to make sure you have an estate plan in place.
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07, 2019
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04, 2018
The Tax Cuts and Jobs Act of 2017
The Tax Cuts and Jobs Act of 2017 was a landmark decision with implications for all taxpayers beginning in 2018. With the most significant changes since 1986, the law generally reduces income tax rates for the vast majority of Americans. This article breaks down the major tax changes taxpayers should plan for in 2018.
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07, 2017
I’ve Been Named Executor of My Loved One’s Will – Now What?
Being named the executor of a will is a big responsibility. It can be overwhelming and confusing at times, especially when that person is also dealing with the grief of losing a loved one.
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06, 2017
What Happens to an Estate Plan When One Spouse Dies?
No one really wants to think about what it will be like when their loved one passes away. It is hard enough for people to take the step to plan for such an event—let alone really understand the steps they will have to take when that time comes.
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06, 2017
Charitable Remainder Trust – Increase Income, Save Money, Benefit Charities
We have had several clients through the years who express interest in donating to a charity when they pass. While there are many ways to go about this, using a charitable remainder trust (CRT) can provide benefits to the donor during one’s life as well as accomplish a person’s final wishes.
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06, 2017
Could a Special Needs Trust be Right for Me?
Estate planning when you have a child with a disability can be exceptionally painful and scary. No one wants to think about what could happen to their child when they are no longer here to take care of them. There are several tools that exist to help people in this situation. One is called a Special Needs Trust.
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05, 2017
What is Estate Tax and Will My Family Have to Pay When I Die?
Will my family have to pay estate tax when I die? This is an extremely common question that we are asked. The last thing you want your loved ones to have to worry about when you die is paying taxes on anything you have left to them.
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05, 2017
What is a Durable Power of Attorney and What Do They Do?
Studies by the National Safety Council show that one in four people will be disabled before the age of 65 for at least a year, and nearly one out of every two people over 65 will have some form of disability. Though no one likes to think about falling ill, these numbers show that it is important that one be prepared for such an event.
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05, 2017
My Child Won’t Be Able To Handle a Large Inheritance
While some people worry that their children may be too young to handle a large lump sum of money, others are concerned about leaving an inheritance to an irresponsible adult child. This is an extremely common and valid concern.
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05, 2017
My Father Passed Away Without a Will or a Trust—Now What?
We recently had a client whose father passed away without a will or a trust. She didn’t realize that there were other ways assets could be passed on to heirs.