It is a common misconception that only the ‘uber rich’ need an estate plan, when in actuality, everyone should have a plan. Read more
Estate Planning
Federal estate taxes were created in 1916, taxing estates valued at over $5 million. This amount changed to $50 million in 1932. In 1940, it dropped to $10 million, then $5, then $3. In 2002-2007 estates worth more than $2 million paid the tax. Read more
Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs. Read more
As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation. Read more
Everyone needs to worry about estate planning. That planning doesn’t only pertain to what happens when you die but what could happen if you end up incapacitated. Read more
Most estate planning starts with a will. The legal document covers what to do with your assets and provides important direction on the care for minor children. Read more
Creating a will should be the first step in a comprehensive estate planning process, since it allows you to make sure that your wishes are properly carried out after your death. Read more
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney. Read more
