Does Your Retirement Plan Include Moving to a Lower Tax State?
May 30, 2024
Tax and estate planners say they’ve seen an increase in residency audits in recent years.
Prepare Now for Coming Changes to Estate Taxes
May 28, 2024
On Jan. 1, 2026, the federal basic exclusion amount (the amount an individual can pass free of transfer tax during life and upon death) decreases to roughly half of what it is today.
How Do I Create End-of-Life Plan?
May 23, 2024
Research shows that fewer than one-third of U.S. residents have advanced-care directives or detailed medical instructions in case they can’t communicate their own wishes.
Spend Your Golden Years in a Coveted State: Estate Planning Retirement Strategies
May 22, 2024
Are you eyeing Florida’s sandy beaches, Colorado’s stunning landscapes, or Virginia’s historical charm for your golden years? This article discusses why estate planning is essential for your golden years and strategies that help secure your retirement.
Can You Gift Money from a Retirement Account?
May 15, 2024
Many people like the idea of giving some portion of their estate to charity. However, charitable gifts are often overlooked or put on the back burner during the estate planning process.
How Younger Adults Take Charge of Estate Planning
May 13, 2024
Conventional wisdom casts trusts, wills and estate plans as the exclusive domain of the ultra-rich. Supporting this notion, data reveals that two-thirds of Americans lack an estate plan, a figure that climbs higher to 80% among Gen-Zs.
What Will Happen to O.J. Simpson’s Assets?
May 8, 2024
The public is now likely to get a closer look at Simpson’s finances, and the families are likely to have a better shot at collecting—if there is anything to collect.
Safeguarding against Financial Exploitation: Estate Planning for Cognitive Decline
May 3, 2024
As family members and caregivers notice signs of cognitive decline in loved ones, it is essential to take proactive steps to safeguard assets. Seeking guidance from an elder law attorney to navigate complex planning issues as well as guard against financial exploitation reduces vulnerability to fraud.
Baby Boomers are Retiring and the Need for Elder Law Attorneys Is Rising
May 2, 2024
Elder law is emerging as part of a holistic estate plan to address medical, financial and incapacity issues as we age. This article examines elder law, the increasing necessity for attorneys in this field and where it fits in estate planning.
Can You Support a Child with Special Needs?
April 30, 2024
Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…