Pledging Donations with Donor Advised Funds
You know what they say — giving is better than receiving. That might be why donor advised funds, or DAFs, rocketed past $100 billion for the first time in recent years. Want to give but don’t know if a donor advised fund is right for you? Have questions about charitable planning? There are many things to know before pledging […]
Around the Web: Estate Planning for the Average Person
The Tax Cuts and Jobs Act law created sweeping changes to the income tax system in 2018, but it also impacted federal estate and gift taxes. For high-net-worth planners, the impacts were simple in terms of legislation. However, the implications of the large increase in the estate and gift tax exemption are complex and affect […]
7 Things Financial Advisors Want You to Know About Giving to Charity
It is interesting to note that fewer Americans are giving to charity, yet the dollar amount is at an all-time high. According to the Giving USA 2019 report, in 2018, there was a $20 billion increase from slightly over $400 billion donated in 2017. The donations mostly went to environmental causes, higher education institutions and disaster […]
The Ultimate Guide to Finding Reputable Charities for Your Donations
The non-profit sector is quite large. Did you know the number of non-profit organizations in the USA as per the latest study stands at 1.5 million? The National Center for Charitable Statistics has registered this number, including the private foundations, public charities, and other non-profit organizations. With such a high number, it would be pretty difficult to […]
Around the Web: Three Tax Threats to Your Estate Plan
While you may feel at ease because you have created an estate plan, it’s important to remember that in order for it to remain effective and successful, you must review and make alterations on an annual basis. This article discusses the 3 major tax threats of which everyone should be aware. One such issue is […]
Around the Web: Debunking the Most Common Estate Plan Myths
Unfortunately, there are many myths surrounding estate planning that often can prevent people from getting involved in the process or updating their existing plans. From assuming that a will is all you need, to thinking that estate plans are only for the wealthy – there are numerous misunderstandings regarding the importance of the planning process. […]
Around the Web: How To Make A Plan To Exit Your Business On Your Terms
Own a Business? Start Exit Planning as Early as Possible! If you are a business owner, being prepared for your inevitable exit from your business is crucial to a successful retirement. By making these plans early on, you may avoid or minimize any issues that can arise from your departure and help make the transition […]
5 Steps to Take for Long Term Care Planning
No one knows what the future holds, but for 70 percent of those over 65, we do know this: long-term care is on the horizon. As we age, our bodies change, and we start needing extra help. But some of us will require more than a helping hand. Whether it’s a long-term disability or the onset of […]
Around The Web: Benefits of a Trust Can Outweigh Those of a Will
If you are considering planning your estate, it might be beneficial to look into a trust instead of a will. While both wills and trusts help with distributing property and assets after your death, a trust is much more private and specific. They also can make things easier on your family and friends after your […]
Facing the Facts: What Does it Mean to Probate a Will?
There comes a time in our lives where we have to plan for the future. People write a will to make things easier for their loved ones. However, this isn’t always the case, and estate planning can be a lot harder than it may seem. Read on to find out what it means to probate a will […]