It is not enough to think only about the people who might take over your business after you have stepped down or passed away- you need to think about the funding considerations that come with such a concern. That’s why funding the plan is an important component of your overall guidelines, and it’s something that […]

While your documents might have been in order at the time you created them, shifting laws can change this can cause your well-thought-out plans to miss the mark. Having an ongoing relationship with an estate planning attorney is one of the best things you can do to avoid the challenges associated with the potential for […]

Making sure you’ve reduced risks associated with your assets is an important part of your overall planning for finances and your estate. Read on to learn more about five key tips to get started.  Consider the Pros and Cons of Offshore Money Unfortunately, some recent cases involve courts mandating that debtors bring back overseas assets […]

According to the CNBC Millionaire Study, up to one third of individuals with a minimum of $1 million in assets have not yet engaged a professional for estate planning purposes. While having an estate planner is important for people of all wealth levels, it becomes all the more important when someone has assets above this […]

There is a myth out there that only the wealthiest of entertainers are in need of advanced estate planning strategies. This is not true, because every entertainer could benefit from putting these plans in place before they hit “the big time”. Being skyrocketed into the spotlight highlights the paramount importance of planning, because spending habits […]

It’s common knowledge that people do better with their health when other aspects of their life are low on the stress scale. Even a perso who suffers from serious illness is likely to combat it more effectively if other issues like health insurance, financial concerns, and legal problems are kept to a bare minimum. This […]

If you want your loved ones to have an easy experience with your estate after you pass away, one of the most popular methods of doing this is by avoiding probate. Leaving as much as possible to your loved ones is possible with some common estate planning methods that can also help avoid costly probate […]

There are some situations where it simply makes sense for a child to buy out a share in the family business. The other option is for the parent to gift shares or to leave shares in a will, trust, or foundation. The challenge is that these same parents might need capital to rely on in […]

While most estates will not owe federal estate or gift tax because of the fact that you can give away or leave much behind without tax consequences, you should still be aware of the estate tax. More people are growing their wealth into a position of needing to plan for estate taxes.  Even if you’re […]

Many retired individuals have access to both a tax-deferred account and a tax-free IRA. As a result, common advice from financial advisors includes suggestions for leaving the Roth behind to your children as it allows a tax-free withdrawal system over the course of their life. This is not always true, however.  If you instead use […]