April 7, 2021 •
Estate Planning ![]()
Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?
Read MoreApril 6, 2021 •
Estate Planning ![]()
Have you made any plans to distribute your assets and take care of your family, when you die or become incapacitated?
Read MoreApril 5, 2021 •
Estate Planning ![]()
When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.
Read MoreApril 2, 2021 •
Estate Planning ![]()
In addition to deciding who gets what when you die, you have key roles to fill that deserve thoughtful deliberation as part of the estate-planning process, experts say.
Read MoreApril 1, 2021 •
Estate Planning ![]()
One of the best ways to prepare for retirement is to set aside money in a tax-advantaged retirement account. Hopefully, you have done so year after year and built a nice nest egg.
Read MoreMarch 31, 2021 •
Estate Planning ![]()
Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.
Read MoreMarch 30, 2021 •
Estate Planning ![]()
The Trump administration is now a part of American history. And though many may not agree with everything the former administration brought forth, one thing is certain: Life settlements and life policy owners benefited greatly.
Read MoreMarch 29, 2021 •
Estate Planning ![]()
In the pre-SECURE Act universe, there were designated beneficiaries. These beneficiaries could be individuals (sometimes called named beneficiaries), institutions, such as charities, or estates.
Read MoreMarch 26, 2021 •
Estate Planning ![]()
Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.
Read MoreMarch 25, 2021 •
Estate Planning ![]()
When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?
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