In today's digital age, estate planning goes beyond physical possessions. As technology evolves, our online presence becomes integral to our lives. From social media accounts and email inboxes to cryptocurrencies and cloud storage, we accumulate a wealth of digital...
Spring is associated with renewal, and as the weather gets warmer, many homeowners turn their attention to renovation projects. Each May, the home remodeling industry and the National Association of Home Builders (NAHB) celebrate National Home Remodeling Month. 2023...
Roughly one in five US adults experience a mental illness each year. Anxiety disorders are among the most common mental health conditions, affecting nearly one-third of adults at some point in their lives. While anxiety can be generalized and chronic, it can also be a...
Freddie Mac’s recent article entitled “How Planning Your Estate Can Help You Prepare for the Future,” says that estate planning refers to the process of deciding where and how assets are distributed once the original asset holder is incapacitated or has died. You’ve...
We often hear that certain politicians or lottery winners have a blind trust. But what is a blind trust, how do they work, and who typically needs one? In a typical trust, the trust maker (the grantor or settlor) establishes a trust and names a trustee (or...
When getting your estate plan in order, one tool to consider that can help safeguard your wealth and secure it for your family's future is a limited liability company (LLC). This strategy can help reduce the size of your estate and minimize estate taxes. An LLC...
When someone passes away, the task of managing and distributing their assets falls to the executor of their estate. An estate executor is responsible for carrying out the deceased person's wishes as outlined in their will, including identifying and appraising assets,...
To help you sidestep some of the most common blunders and get the most out of your IRA investments, Kiplinger’s recent article entitled “Don't Make These Common IRA Mistakes” points out the most common blunders and how to avoid them. Not Planning for the "Second...
Life is full of contingencies. While some outcomes are relatively specific, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan needs to be...
One reason to review your estate plan is to make sure people you’ve assigned roles to, like executor or guardian, are still living and willing to perform these tasks, according to the article “Five common estate planning mistakes to avoid” from the Idaho Press....
The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed away. But you might also have mixed emotions about your legacy for reasons related to the existing accounts or property you are inheriting....
FedWeek’s recent article entitled “How Assets Are Titled Can Make a Big Difference” discusses the different ways property may be titled, and the significance of each one. The way in which you take title to assets can affect your estate, taxes and perhaps the...
