Putting your affairs in order truly requires a number of different people, from your homeowners’ insurance agent to your tax advisor, property inventory specialist, and family members.
Putting Your Affairs in Order Takes a Team
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estate and tax planning
Giving and Receiving Benefits Through a Donor-Advised Fund
Thanks to the Tax Cuts and Jobs Act of 2017, the use of donor-advised funds is soaring. These arrangements make it possible for donors to enjoy tax deductions now, but make specific distribution decisions later.
Money Relationships Set the Stage for Estate Planning
The emotional aspects of money often cause family members t avoid frank conversation with loved ones. There are reasons to tell beneficiaries what to expect, avoiding conflicts.
“Free Britney!” What’s It All About?
The publicity surrounding Britney Spears’ legal battle to take back control of her own financial affairs calls to attention the need for conservatorships and guardianship arrangements.
Why Your Estate Planning Attorney and Tax Advisor Need to talk
Grandparents who took out student loans to help children or grandchildren – or adults who borrowed to pay for education after being displaced during the recession are now faced with the possibility of dying with the loans still unpaid. Some loans will be discharged on death; for others, life insurance can fund the repayments.
Dealing WIth the Widow or Widower’s Tax
“Many couples don’t foresee the possible financial hit if one partner dies, including the tax crunch sometimes called the ‘widow’s tax’,” Jeff Stimpson writes in Financial Advisor, referring to potential tax and cash flow problems faced by women and men after the loss...
Need-to-Knows for U.S. Veterans and Their Survivors
Veterans have many choices to sort through and many decisions to make on behalf of themselves, their spouses and children. Decisions must be made about life insurance, retirement benefits, and investments.
Why Your Property-Casualty Insurance Agent and Estate Planning Lawyer Need to Meet
You may never of thought of auto insurance as part of your estate plan, but you ought to…
Earlybird Charitable and Estate Planning in 2021
The new administration has proposed many changes to income tax and transfer taxes. Clients whould consider implementing certain strategies now, before those changes take effect.
Stepping Up Now in Case Step-Up is Repealed
The incoming administration has revealed a plan to repeal the step-up in bases at death. Learn about adjusting estate planning strategies to fit a potential no-step-up reality..
