Debt After Death: Why You Should Think About It When Estate Planning

If you have debt, you should not think that the debt will go away after you pass away or if you ever become incapacitated.  Rather, your debt may drastically decrease or even destroy your estate and your loved ones’ inheritances.  And, to be clear, “debt” means credit card debt, mortgage, car payments, medical bills, student […]

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Organizing for Tax (and Estate Planning) Season

It is the beginning of 2018, and so it is officially tax season.  Fortunately, you have until April 17th to file your taxes, but you should soon begin receiving your W-2 or 1099 forms to start preparing your taxes.  You also get to review your last year to begin figuring out what life events may […]

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What to Expect from Estate Planning in 2018

2017 is quickly becoming a thing of the past, and 2018 is all the rage.  Optimism and goals reign, as does uncertainty.  We are all coming to grips with Congressional tax reform and how it might impact our lives.  Here are a few estate planning changes that we know will happen and what else we […]

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Why a Spendthrift Trust Can Be a Great Solution for Your Heirs

Your estate plan is made up of many smaller pieces.  You can mix and match these pieces to create a personalized and comprehensive plan that fulfills your needs and meets your goals.  One piece is a trust.  A trust allows you to delegate authority to someone you trust (called a trustee), to manage your assets […]

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There’s Never A Better Time Than Now To Get Your Affairs in Order

The holiday season is incredibly busy, and organizing your legal and financial affairs is probably nowhere close to being on your radar.  However, it is easier than you may think and getting started can be quick.  With new year’s resolutions quickly approaching, getting organized is both a good resolution and good preparation for additional resolutions.  […]

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Gift Giving the Tax-Free Way

The holidays is a generous time of giving.  However, almost know one wants the IRS to receiving any gifts.  Happily, the law allows you to give gifts without letting the IRS receive a portion of that gift.  Some of these laws are pretty straightforward with how they protect your gifts, and others are less so. […]

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Four Reasons Why Estate Planning Isn’t Just for the Top 1 Percent

Too many Americans think that estate planning is only for those who are very wealthy-the 1%’ers.  In truth, this is incredibly wrong, as any adult has the need for an estate plan and can benefit from a plan.  Unfortunately, too many Americans have not created an estate plan and are not organized with their legal […]

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How to Share Family History and Heirlooms with Your Estate Plan

Family history is incredibly important for self-identity, but it is also easily lost and forgotten.  That means that sharing your family history now is vital.  Family gatherings, like the holidays, are excellent times to share family history with family members. Sharing stories are a non-legal way to pass on family history, but there is also […]

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Do You Own Rental Property? How Proactive and Comprehensive Estate Planning Can Help

A comprehensive estate plan should address all of your assets. Most people’s estates include the following: a home, bank accounts, and personal property (furniture, clothes, golf clubs, jewelry, etc.).  Many families also have 401(k)’s, IRA’s, life insurance policies, and other assets which should also be included in your estate plan. Some families, and especially here […]

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