During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more. … [Read more...] about Charitable Planning in Times of Crisis
Estate Planning
Estate Planning Basics for Young Parents
As a young parent, you’re likely to have many questions and concerns regarding estate planning. While you may be feeling some stress, there are steps you can take to get on the right track and stay there for the rest of your life. Here are some of the most important estate planning basics for young parents. These details will help you better understand your situation and what you should do next: Create an estate plan: Overall, you want to be sure that your children are both … [Read more...] about Estate Planning Basics for Young Parents
The Kiddie Tax is No Child’s Game
If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more. … [Read more...] about The Kiddie Tax is No Child’s Game
FAQs for First Time Estate Planning
First time estate planning is easier said than done. Sure, you may have a basic idea of what you want to accomplish, but you’re likely to run into challenges along the way. And if you don’t address these immediately, it could have an impact on you, your family, and your estate. Here are some frequently asked questions to address when creating an estate plan for the first time: Are you and your spouse on the same page? Do you have children? Do you plan to have children in the … [Read more...] about FAQs for First Time Estate Planning
Estate Planning Reduces Stress During High Anxiety Times
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times. Read on to learn more. … [Read more...] about Estate Planning Reduces Stress During High Anxiety Times
Changing “Irrevocable” Trusts Through Use of a Trust Protector
Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article explores how the use of a trust protector may provide flexibility in an irrevocable trust to address these concerns. Read on to learn more. … [Read more...] about Changing “Irrevocable” Trusts Through Use of a Trust Protector
Adapt Your Estate Plan to Suit Individual Heirs
One of the major reasons why it is important to discuss your estate planning goals with a licensed attorney is because you have many options. The right course of action for one family may not be appropriate for the next. This is true when a single estate planning device is being used to provide for everyone, but the customization does not stop there. In some instances, the optimal course of action will be to use a different type of asset transfer vehicle for a particular person on your … [Read more...] about Adapt Your Estate Plan to Suit Individual Heirs
The Other Side of the Unauthorized Practice of Law
What happens when an individual who is not licensed to practice law provides advice to an individual – does the quality of the advice matter if the individual is unlicensed? This article explores the unauthorized practice of law and how it damages the legal profession. Read on to learn more. … [Read more...] about The Other Side of the Unauthorized Practice of Law
Three Reasons to Use a Living Trust
A lot of people harbor misconceptions about last wills and trusts. They think a will is the only logical choice if you are not extremely wealthy. In reality, this is nothing more or less than a widely embraced myth. Like a lot of misguided notions, there is a kernel of truth in it. High net worth individuals that are exposed to estate taxes do in fact use trusts to gain tax efficiency. However, a revocable living trust is a great choice for a wide range of people, and you don’t have to be … [Read more...] about Three Reasons to Use a Living Trust
Conservation Easements Can Be a Good Solution
Often, a client wants to keep land in the family. Sometimes they want to discourage further development and get tax benefits for doing so. A conservation easement can help achieve both objectives. Read on to learn more. … [Read more...] about Conservation Easements Can Be a Good Solution
