New Parents—Why Now Is A Good Time to Create a Will
Everyone should have a will in place. For new parents, however, the importance of establishing a will becomes even more pronounced. Here, we will discuss several compelling reasons why now is an opportune time for new parents to create a will.
New Parents—Why Now Is A Good...
What Steps Can I Take Now To Protect My Assets If I Need Assisted Living?
Planning for assisted living and taking steps to protect your assets is a prudent move that can provide financial security and peace of mind for both you and your loved ones. As you age and potentially face the need for assisted living, careful financial planning can help preserve your assets and ensure...
Is Guardianship the Right Choice for My Loved One with Special Needs?
Deciding whether guardianship is the right choice for a loved one with special needs is a complex and sensitive matter that requires careful consideration of various factors. Guardianship is a legal arrangement in which one person is appointed to make decisions on behalf of another who is deemed incapable of managing...
How do Inheritance Taxes Differ from Estate Taxes?
Inheritance taxes and estate taxes are two distinct methods of taxation that are confused due to their common objective of collecting revenue upon the transfer of wealth. While both forms of taxation are related to the transmission of assets from one generation to the next, they differ in significant ways, including...
The Impact of Estate Taxes and How to Minimize Them
There are two kinds of “death taxes.” First, there is the estate tax. An estate tax is a tax on the total value of your estate. This includes anything from cash to real estate to investments and everything in between. An estate tax is paid after you die and before your...
Digital Assets and Your Estate Plan: Navigating the Modern Landscape
As our lives evolve, so should our estate plans. After all, think about how different life looks for most of us than it did for previous generations. Technology, for instance, has had a huge impact that has affected countless aspects of our lives. It is no wonder that estate planning needs...
Estate Planning Tips for Small Business Owners
If you are a small business owner, you know first-hand how much time, energy, money, heart, and soul go into such an entrepreneurial endeavor. You have likely spent a significant chunk of your life building up your business and now is the time to start thinking about what will happen to...
Don’t Avoid These Important Estate Planning Conversations
You might have had estate planning on your to do list for a while now. Somehow, estate planning is one of those things many of us intend to do, but keep putting it off. This can be for a variety of reasons, but one of the more common reasons is the...
Be on the Lookout for these Elder Scams
Elder scams continue to be on the rise. Con artists and scammers target the elderly for a number of reasons. First, they design scams crafted to prey on the vulnerabilities and insecurities of this vulnerable population. Second, they tend to believe that elder individuals are likely to have savings and other...
Reasons to Put a Power of Attorney in Place
Powers of attorney play an important role in estate planning and, more specifically, incapacity planning. You see, comprehensive estate planning involves putting protections in place for your future as well as that of your loved ones. With a power of attorney, you, the principal, empower another, your agent, to act and...