Some research suggests that as many as 57% of Americans do not even have a will and nearly 70% of parents with children under the age of 18 do not have a will. This can be a big mistake, but one you don’t realize until it’s too late.  Even though the vast majority of Americans […]

As the economy is slowly plugging along and appearing to improve, credit still remains tight. Even despite this, asset protection planning is still a big topic. Read on to learn more about how you can make an asset protection plan work for you as well as your family. Asset protection simply refers to keeping your […]

More than 41 million Americans have a chronic health condition that minimizes their daily activities in some way and 12 million are unable to live independently. Out of the 1 in 5 elderly individuals who have reached age 85, more than half need long-term care or are impaired in some manner. Most people in this […]

Although the majority of financial planning applies to everybody, there are some specific considerations that women should keep in mind. Read on to learn more about some of these key tips. Maximize Your Social Security Benefits. The age in which you take social security benefits can have a big impact on the amount you receive […]

One of the most popular asset protection tools available today is an LLC. LLCs that are managed properly are typically safe from the reaches of creditors of an individual member but there are exceptions to this rule that begins with the number of members, even if an LLC is the right strategy for a particular […]

Individuals of any age could be subject to financial abuse but more it more often happens to elderly people. In order to avoid this impacting you down the road, there are several different things you can do. Begin by creating an inventory of all of your assets. This includes bank accounts, brokerage accounts, investments and […]

Everyone knows that it is imperative to get the right amount of sleep. As more research is being done about how to prevent Alzheimer’s or minimize the symptoms associated with conditions like this, new research has looked at how a lack of deep sleep can cause problems as far as Alzheimer’s itself. According to the […]

In many cases your business successor could be selected by default. If you have a family business, for example, there is likely one member who is more qualified, interested and active in the business than others. In this situation the founder might have already spent a good deal of time grooming the successor for this […]

S corporations are most popular as a tax vehicle because it allows for only one layer of tax instead of the double layer of tax usually imposed on a typical corporation. Rather than the S corporation paying tax, the S corporation’s taxable income passes through to the shareholders and is reported on those shareholders’ personal […]

  The Federal Reserve’s most recent decision to increase interest rates does carry implications for individuals who are considered affluent. This mostly has to do with their estate planning. Interest rates can definitely impact strategies in place for minimizing estate taxes and maximizing the benefits associated with income tax bricks. Guarantor retained annuity trusts and […]