Do you have a solid retirement or estate plan? If not, you could be exposed to unnecessary challenges in the future or put your loved ones in a difficult situation. Only 24% of US workers reported that they were very confident they’ll be able to retire in the lifestyle they want, according to a new […]

The gap between what your current business is worth during the process of completing your estate and succession planning and what it could be worth in the future when you pass away should be considered as part of your overall planning process. Many people choose to address this financial gap using a tool known as […]

If you notice that a loved one has started to show signs of dementia, this is important from a care perspective a legal perspective. The sooner you can get them necessary help, the better you’ll understand treatment options as well as some of the things you can expect if the disease progresses. Likewise, there are […]

If you experience an income or financial surge this year like a bonus, a sale of crypto currency, or appreciated option exercises, you may wish to use a charitable lead annuity trust strategy to respond to it. There are three primary situations that should trigger you to think about a grantor CLAT. They include: You […]

Retirees have many important considerations when it comes to elder law and their estate planning. One financial option that is advertised to many retirees is a reverse mortgage. A new study completed by the Finance of America Reverse published in the Journal of Financial Planning found that reverse mortgages when used properly can help appropriately […]

Estate taxes don’t apply for the vast majority of estates in the United States, however, there are 17 locations with their own inheritance and estate taxes. A report from the Internal Revenue Service reveals tax data from the year 2020 showing that over 1200 taxpayers ended up owing estate taxes to the tune of $9.3 […]

Who you choose to serve as an executor and the information at preplanning you do for them can make a big difference on how easy it is for them to handle probate. Executors, also known as personal representatives, have important responsibilities that all must be handled with care. The first of these is to begin […]

An executor or personal representative is responsible for handling many aspects of probate, including the distribution of assets once other administration issues have been managed. However, prematurely passing on these assets to beneficiaries can come with consequences. It might seem easier or even a good way to make beneficiaries happy by making those distributions right […]

Many sad stories about celebrities highlight the importance of estate planning. Many of them leave behind complex assets and high value items. Without estate planning, this leaves their loved ones coping with probate problems for months or even years. A similar situation applies to those entrepreneurs who don’t look at their personal and professional estate […]

If parents create wills naming contingent beneficiaries as their two adult children, there is always the possibility that the adult children will pass away before the parents. This can have implications for the contingent beneficiary’s share. Language of the created will impacts what happens with each beneficiary’s share. Some wills allow the surviving sibling to […]