How Do I Write My Will?
“No one knows when their time will come, which is why it’s important to have a last will in place. This document ensures that your final wishes are carried out after your death. Without a will, the laws of the state of your residence at the time of death will determine what happens with your estate.”
Will Moving to a New State Impact My Estate Planning?
“However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.”
What’s the First Step in Estate Planning?
“For young professionals finding their way in the world and just beginning the journey of building wealth, death can seem like a far-off abstraction. However, the cold reality is that no one ever knows what’s around the corner — health problems and freak accidents can happen at virtually any time.”
Does My State Have an Inheritance Tax?
“Do you have to pay taxes on inheritance?”
Do I Need a Non-Grantor Trust for Estate Planning?
“One of the most useful estate planning tools is a trust, which can be used to create a legacy of wealth and protecting assets. One question to consider when creating one, is whether a grantor or non-grantor trust is more appropriate. A non-grantor trust is any trust that is not a grantor trust.”
Can I Protect Savings for My Family From Tax Law Changes?
“Under the new Biden administration, the president has made his intentions clear about the potential to change the tax code.”
Do I Need a 529 Education Savings Plan?
“Most of us associate 529 accounts as college savings vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. However, did you know that a 529 can also be a powerful estate planning tool?”
How Can I Pass Wealth to My Children and Grandchildren?
“Inherited assets come with benefits, along with some burdens.”
Where Do You Score on Estate Planning Checklist?
“Every so often, it’s smart to methodically go through your estate planning documents and see if any tweaks are needed. Here’s a checklist to guide you through that mission.”
What Paperwork Is Required to Transfer the Ownership of Home to Children?
“Have you considered transferring ownership of your home and wondering what records or paperwork is required? The reason for wanting to transfer will help determine how you should proceed.”
