“Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.” Continue reading

“Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.” Continue reading

“Here’s a closer look at what per stirpes vs. per capita means.” Continue reading

“Here’s a closer look at what per stirpes vs. per capita means.” Continue reading

“When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded, if there are errors or missing information on your beneficiary forms, as is often the case. Add to this the game-changer SECURE ACT, the largest retirement legislation that has been passed in decades—and there has never been a more important time to review your beneficiary forms.” Continue reading

“Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.” Continue reading

“Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.” Continue reading

“Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.” Continue reading

“Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.” Continue reading

“A last will and testament is the foundation of an estate plan, which lets you plan for your estate after you’re gone. However, there are certain things that you might not want to put in your will.” Continue reading

“A growing number of seniors are facing challenges to achieving financial security in retirement. From rising healthcare costs to the economic turmoil caused by Covid-19, financial stressors are leading even those who thought they saved enough for retirement to look for ways to bolster their income and savings.” Continue reading

“Creating a will is one of the most basic elements of estate planning. There are different types of wills you can choose from, including a simple will.” Continue reading

“Gifting sounds pretty simple, but there are many ways to do it, and several tax ramifications to be aware of as well.” Continue reading

“A living trust is an estate planning legal document that contains your instructions and authorization for what you want to happen to your assets, when you become disabled or pass away.” Continue reading

“Taking a few simple steps now can potentially help save your beneficiaries thousands in legal fees and taxes.” Continue reading

“Estate planning is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.” Continue reading

“Gifting sounds pretty simple, but there are many ways to do it. There are also several tax ramifications to be aware of.” Continue reading

“Trusts are an essential part of most estate plans, even the plans of people with moderate wealth. You need to know the basics of trusts, especially the key terms and concepts of the most widely-used types of trusts.” Continue reading

“Why naming a guardian for your child is important.” Continue reading

“When do you need your estate plan to “go to work” for you? While you may think the right answer is “after I die,” the actual answer is “if I lose the ability to manage my own affairs.” Continue reading

“Do you expect your parents to leave you a financial legacy? Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by financial services company HSBC. Perhaps the bigger question, though, is how to even approach this topic with your parents.” Continue reading

“Estate planning is crucial, setting up a peace of mind for you, as you enter your senior years. Most people don’t create a will because they are afraid to even think about the possibility of death. It feels like too big of a responsibility.” Continue reading

“Planning for unfortunate events is particularly critical in the era of Covid-19.” Continue reading

Figuring out what to do with your estate plan can often be difficult. There are many different options to sort through. When people finally have everything in their plans how they want, they sometimes forget about their estate plans and never change them. That can be a big mistake. Continue reading

A new study pegs the lifetime cost of caring for a child with autism at $1.4 million. For parents, there are no easy solutions. The good news: Sam is now high-functioning, and in many respects a completely normal 13-year-old. The downside: The price tag to get to this point has been massive. “Only a parent of a child with special needs can ever understand the struggles, and the financial commitment, of raising and recovering an autistic child,” says Mercier, a business owner from Winnipeg, Canada. “It’s an endless battle — and an expensive one.” Continue reading