Using a Deed to Transfer Real Property at Your Death As a homeowner, you can create an estate plan to plan for what happens to your property, such as who receives it and how it’s used, after you pass away.…
Most of us spend little time thinking about death or losing the capacity to manage our own affairs. These are unpleasant topics and banishing them from our minds is easier than entertaining them. Death, however, is inevitable and becoming incapacitated…
There are many people who use trusts, not just the wealthy. In addition to serving many purposes, they address specific problems that are less concerned with wealth, and put the focus more on family dynamics. Do you want to keep…
In estate planning and wealth transfer, people sometimes seek strategies that preserve their assets as well as provide them with financial benefits for life. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals…
Most young parents are not concerned about death or serious illness or injury. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and…
Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies…
Along with the SECURE 2.0 Act in December 2022, tax provisions were recently incorporated into the Inflation Reduction Act (IRA), which became law in August 2022. Lower-income household tax code changes will automatically take effect. Households of higher income and…
It's uncomfortable to think about death, especially your own. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
The current inflationary pressures are resulting in financial insecurity for many senior citizens in the US. Aside from cutting back on unnecessary expenses, many retirees or near retirement individuals should look to existing government programs to possibly qualify to receive…
Many years have been invested in developing and protecting your legacy. But have you thought about the impact it will have on family members who are in different stages of life after you are gone? It’s crucial that your loved…