There are several steps that you should always keep in mind when trying to balance retirement, college savings, estate planning and all of your other priorities for your life. If you don’t know what you want, there is no good way to plan for this.  This is why you should sit down with your spouse […]

The child actor popular on the show, Diff’rent Strokes, passed away in 2010 in Utah. His less than perfect estate plan provides critical lessons for people of all asset levels to consider.  Coleman was only 42 years old when he passed away. Although he had gotten divorced from his wife, Shannon Price, they lived together […]

Inheritance is set to increase significantly in the coming years and baby boomers will now be passing on record amounts of wealth to their younger relatives. Protection is an important consideration in all of your estate and financial planning and a trust may be the most appropriate tool to help you with it.  One of […]

You need to ensure that your estate plan incorporates unique considerations about changes in your life. Far too many people create their estate plan once and then promptly forget about it. Updating your documents like your life insurance policies and your wills is a must do if you experience any major changes in your life […]

Although more people are recognizing the value of a simple estate plan, asset protection planning is also garnering popularity among people who are accumulating significant assets who wish to protect them. It may seem intimidating to put together an asset protection plan as the very name seems to indicate that you may have significant wealth […]

Those who want to pass on assets spend a lot of time determining who should get what, but this means that sometimes how that person will handle the money is forgotten entirely.  A recent study completed by Accenture anticipates that between one and three trillion dollars will be transferred to heirs through 2050. Many of […]

Given the new updates in tax laws that have occurred recently, many people are looking into different strategies that could help benefit them and their loved ones in the future. One common recommendation from accounts and other financial professionals is to consider paying off your home equity loan.  Since you will no longer be able […]

As a result of a new tax law, a study has shown that six out of ten wealthy adults anticipate updating their financial plans. Now that the gifting an estate exemption is up to approximately $11 million per person, this represents double the old law and entrepreneurs may even be considering grabbing a 20% deduction […]

When assets pass to others through a will, this means that your estate goes through the probate process. Probate can be very time consuming and expensive for your loved ones and since the details vary from one state to another, it’s important to be clear about the exact procedures that may apply if your estate […]

All of your estate planning materials should be drafted by an experienced estate planning attorney and reviewed on a regular basis. Financial planning, estate planning and long-term care planning should always be conducted together to ensure that you’ve taken a long-range view and are able to appoint people to step in quickly to make decisions […]