December 4, 2020 •
Estate Planning ![]()
The time may come when your elderly mother, father or other loved one cannot fully care for himself or herself. The adult children may not have the time or resources to ensure their relative’s health and safety. At that point, it may be time for him or her to move into a residential facility that can provide the care and services needed.
Read MoreDecember 3, 2020 •
Estate Planning ![]()
As a business person you may have seen the term "durable power of attorney" in several situations. Power of attorney is a strange term because it's not immediately clear what powers an attorney for the business may have.
Read MoreDecember 2, 2020 •
Estate Planning ![]()
We currently have the highest estate tax exemption and the lowest intra-family interest rates in history. That combination alone is significant, but when mixed with the potential for lower estate and gift tax exemptions and depressed business valuations, you have a potent catalyst for transitioning ownership.
Read MoreNovember 30, 2020 •
Estate Planning ![]()
To ensure a lasting legacy, you need to get your documents in order and have a clear plan for how your wealth will transfer, avoiding taxes and inheritor pitfalls along the way.
Read MoreNovember 27, 2020 •
Estate Planning ![]()
Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.
Read MoreNovember 26, 2020 •
Estate Planning ![]()
Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.
Read MoreNovember 25, 2020 •
Estate Planning ![]()
Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.
Read MoreNovember 24, 2020 •
Estate Planning ![]()
The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
Read MoreNovember 23, 2020 •
Estate Planning ![]()
Do you have accounts, records or information that are accessed using your mobile phone, through an internet connection, or by using a keyboard or through a touch-screen or tablet?
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