A Complete Guide to Long-Term Care Planning and Living Trusts
The U.S. population is aging at a rapid rate. Within the next decade, around 20 percent of the U.S. population will be over 65. This is one of the first times that older Americans made up such a large portion of the population. As we get older, it’s more important than ever to start long-term care planning. […]
Around the Web: Being an Executor can be an Arduous Task
When a loved one passes away, you may be left wondering where to even begin with settling their estate. The thought alone can be overwhelming. This Kiplinger article offers a great starting point for executors of estates. The first stage of the process includes finding the last will and testament, canceling the deceased’s credit cards, […]
Around the Web: Is your Estate Plan up to date?
When was the last time you went through your estate plan and made any necessary changes? Likely, it has been a while, laws have changed, and some elements need revisiting and adjusting. This Kiplinger article provides a checklist to guide you through the process of reevaluating your estate plan. There are just a few key […]
Around the Web: Preparing for Estate Tax Changes
Estate planning can be overwhelming for anyone, but for high net-worth folks it is important to regularly update your estate plans to ensure your strategy is still appropriate. Since we are in a new presidential administration, it’s wise to review your existing plan soon due to proposed new law changes. This article by the South […]
Around the Web: Consider the Importance of Prenuptial Estate Planning
Many folks may not consider the importance of prenuptial estate planning, but it can be detrimental to your future partner if something happens to you before you’re married. This Watertown Public Opinion article offers some insight on why it is important to consider drafting up a will before and after you are married. In the […]
What Is a Personal Injury Lawsuit?
There are over 37.9 million visits to the emergency room for injuries. Personal injury can be debilitating and frustrating. You may have mounting medical bills and be unable to work. If someone’s negligence caused your injuries, you will very likely have a personal injury lawsuit case. If you have decided to seek the help of a personal […]
Around the Web: Are You Ready for Retirement?
In this article by Kiplinger, you will see that if you are retiring or getting ready to retire in the near future, it is critical to identify goals for your assets and get a plan together. It’s important to do this in a way that is tax efficient to help the success of your estate […]
Do You Need an Estate Planning Attorney?
In the US, the mortality rate is nearly 3 million per year. And many of these individuals pass away without an estate plan. The good news is that an estate planning attorney can help you strategize for the future. Future planning is a complicated and lengthy legal process. But without it, your loved ones may not […]
Around the Web: New Plan for Inherited Real Estate Could Impact Many
President Biden has unveiled a new plan that involves increasing taxes on inherited properties in order to help fund the American Families Plan. This CNBC article delves into the possible outcomes of this new plan, explaining that financial experts suggest the new plan may impact more families than just the more affluent ones. We’ve broken […]
The Types of Power of Attorney, What They Mean, and What to Know
It’s sad but true: estate planning continues to be a major form of personal protection that Americans overlook. When it comes to power of attorney specifically, just over half of all U.S. adults have one in place. Though it’s tempting to plug our ears and hope we’ll live forever, the truth is that a power of attorney […]