Is It Better to Inherit Stock or Cash?
January 10, 2022
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
Why Naming Beneficiaries Is Important to Your Estate Plan
January 4, 2022
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
What Taxes Have to Be Paid When Someone Dies?
December 31, 2021
Tax obligations continue on despite the passing of a loved one, and in some cases, come about because of it. Tax deadlines pose a challenge for grieving families.
When Should a Trust Be Reviewed?
December 23, 2021
Many people are under the impression that since they have a trust, they don’t need to do anything else. That’s not true. The trust you created years ago may not be appropriate for you now.
Can Elder Financial Abuse Be Stopped?
December 16, 2021
The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.
Can You Refuse an Inheritance?
December 15, 2021
What happens if you are named an heir in an estate but you don’t want it? Does it go the person’s children if you reject the inheritance?
How Much can You Inherit and Not Pay Taxes?
November 23, 2021
Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in unless an estate exceeds $11.7 million.
Talk to Parents about Estate Planning without Making It Awkward
November 9, 2021
Discussing estate planning with your parents is a conversation that can be difficult to have. You might not want to think about the day they are no longer here, or even consider that they might experience a decline in health that severely limits their ability to think clearly or communicate with you.
Why Do People Give to Charities at End of Year?
November 8, 2021
With a draft bill from the House Ways and Means Committee on the table, all signs suggest that higher income taxes could be right around the corner. How they will affect charitable giving remains to be seen.
When Should You Update Your Estate Plan?
October 27, 2021
If your life changes, so should your estate plan. Marriage, divorce, death of a spouse, a birth and a changing relationship with a child are just some of the life changes that may affect your estate plan.