Americans Should Avoid These Top Estate Planning Mistakes
Estate planning is one of the most important aspects of financial health. Among other things, an estate plan protects and transfers wealth to family members, and other designated beneficiaries, in accordance with one’s desires. Despite its importance, it is estimated...
Possible Complications When Spouses Live In Different States
Spouses who reside in separate states will need to understand the different estate planning laws that govern each state. There may be benefits to living, and dying, in one state over another and these considerations need to be discussed with your estate planning...
Are Pet Trusts an Essential Part of Your Estate Plan?
The major consideration in deciding if a pet trust is worth including in your estate plan depends largely on both the cost of the trust and the longevity of your pet’s life expectancy. For example, if your pet has a short life-expectancy, your own durable power of...
Why Would I Want to Have a Different Estate Plan from My Spouse?
Did you know creating a different estate plan than the other spouse’s estate plan is not unusual in second marriages? This often holds true especially where each spouse has children that are not the children of the other spouse. This may be due to the fact that the...
Are There Benefits to Planning to Die in Florida?
Did you know that Florida is one of seven states with no state income tax? There is no question that year-round warm weather, no income taxes, and a lack of estate and inheritance taxes makes Florida an attractive destination for retirees. Planning where to spend the...
Ways to Support September 11th Victims
This upcoming September 11th marks the 18 year anniversary of the terrorist attacks that shocked and devastated the world. Although the nation has since commenced the healing process, many victims of the attacks are living with lifelong illnesses as a direct result of...
Tips on Creating a Lasting Legacy for Loved Ones
Did you know that creating an estate plan is more than just compiling a series of documents? It is the embodiment of the legacy you wish to leave behind for your loved ones. Creating and sharing your goals as well as the thought process behind making each decision...
Are You a Baby Boomer? Read This Before You Retire!
As you consider retirement, have you created a retirement checklist for your income and expenses? If you have not, you may want to consider creating one. This is because there are no second chances or “do-overs” when it comes to retirement, particularly as a member of...
How the Democrats’ Estate Tax Ideas May Impact Your Family
As coverage of the 2020 presidential election increases, have you heard about the new proposed estate tax exemption? Recently, Senator Bernie Sanders of the Democratic party introduced a bill titled “For the 99.8 Percent Act.” This Act proposes a reduction of the...
What is a Stretch IRA?
Have you heard about the Setting Every Community Up For Retirement Enhancement Act of 2019, or the SECURE Act, and its proposed provisions for retirement savings plans? In May, the U.S. House of Representatives passed the SECURE Act, which aims to provide Americans...