Planning for Success with a Team You Can Trust
Divorce changes more than just your relationship status. It impacts your financial future and your control over your assets. If you recently divorced, updating your estate plan is essential. Failing to do so could leave your ex-spouse with control over your money or...
Creating a living will is crucial in planning for your future health care. This document ensures your medical preferences are respected when you're unable to communicate them. For your family, it provides clarity and peace of mind during difficult times, reducing the...
If you are close to retirement or helping your aging parents with their future plans, it is essential to think about health care needs that might arise later. This includes planning for the cost of Medicare and protecting Medicaid eligibility. How can you prepare for...
When planning your estate, understanding the various taxes that could impact the transfer of your assets to your loved ones is crucial. One common concern among parents is whether their children will be subject to inheritance tax upon receiving their assets. What...
Many people make mistakes during the estate planning process that can lead to unnecessary complications and stress for their loved ones. What should you avoid? Mistake #1: Waiting to plan One of the most common mistakes is putting off estate planning. Some people...
A trust can play a crucial role in safeguarding your family home from potential risks and ensuring a smooth transition from you to your heirs when the time comes. If you place your home in a trust, you achieve key benefits that enhance protection and give you more...
Congratulations on the purchase of your new home! Whether this is your first home or you are upgrading or downsizing from your current home, the purchase of a home is a big event in your life. When major life events occur, it is important that you have a plan in place...
Most people believe that receiving a large inheritance from a loved one would be life-changing. At least one study, however, found that about one-third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth after...
The death of a loved one is never easy. Regardless of your relationship with the deceased (for example, a relative, significant other, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened,...
When a death is imminent, such as when a loved one goes into hospice or receives end-of-life care, the estate’s executor can prepare for probate and ensure that the estate administration process proceeds smoothly and efficiently. Here is a detailed list of tasks...