13 Smart Estate-Planning Moves
In planning your estate, there are certain moves you should take which will help you save better and avoid much estate tax and you will still be able to leave enough for your heirs to inherit. Rethink IRA investing strategies Before the SECURE (Setting Every Community Up for Retirement Enhancement) act was passed into law, […]
Estate Planning 101
Estate planning can be a bit complicated for those who are not familiar with the process and procedures involve. To properly plan your estate, you need to have prior knowledge and understanding about it. This you can learn by doing a personal research on the topic. Even after recognizing the importance of estate plan, it […]
Tax ramification to consider when estate planning
Tax Estate Planning This is an estate tax planning is to transfer as much of your property with as little taxation as possible. One way to do this is to give money away during your lifetime, by making lifetime gifts, you remove not only the gifted assets from your estate but also the future appreciation […]
Couples: Here’s How To Start The Estate Planning Process
What is Estate Planning This is simply the process of arranging for an orderly transfer of your assets to the people you want to receive them, it involves identifying who you want to give your assets to and when, either in your life time or at death; but sometimes done after death) Mortality is hard […]
Thanksgiving: A good time to talk estate planning
Having a good understanding of what estate planning is will help you when planning your estate. Forget the fact that you will hire an attorney to do the heavy lifting for you. To ensure that your estate plan is exactly the way you want it, you need to have a little insights into the process. […]
Nineteen Estate Planning Highlights from 2021
Below are 19 estate planning highlights from 2021: Secure act: The panel made the discussion with a little summary of the secure act, which was passed in December. Among the changes, the Act affects the ability to delay payments for retirement plans. GST Tax/ Bluebook: The wordings of the effective date provision in the 2017 […]
The covid 19 essential Estate Planning “go package”
Many times after someone falls ill or passes away, the family members go on a hunt for an advance medical directive, power of attorney, will or other estate planning documents, or the contact information of an attorney who might know about them. It is great to have all your estate planning documents complete and current. […]
Digital Assets and Their Importance in Your Estate Planning
We cannot overlook how much digitalized the world is right now. Almost everyone has digital assets, such as web domains, social media accounts, and crypto currency wallets, amongst others. You may ask, how is a social media account an asset? Several people have monetized the social media, receiving thousands of dollars yearly from their YouTube […]
Avoid the Estate Planning Goofs of Aretha and Prince
Aretha and Prince made great estate planning mistakes that affected their life and that if their children. They waited too long and never created an estate plan. Franklin, who was divorce at that time, didn’t even own a will or trust despite having children. They left nothing for their kids, even one with a special […]
What the Wealthy Are Doing With Their Estate Planning During the Covid-19 Crisis
Even with the pandemic looming and obstructing our normal way of day to day style of life, the wealthy can’t help but to look at their estate plan with the intent of finding available opportunities. Considering the era we are in, one would say this is not the right time for looking for opportunities. It […]