As a business owner (or someone who wants to take an entrepreneurial path), it’s critical that you understand the many ways to protect your organization and the assets associated with it. Asset protection for business owners often goes overlooked. You have so much on your plate that you forget to take the necessary steps. Fortunately, … Read more
Do you really want to think about long-term care? The short answer is no. Even if you realize you may require this type of care in the future, it’s not something you want to think about. That being said, if you ignore long-term care planning today, it could come back to haunt you in the … Read more
Regardless of your age, financial circumstances, and health, you need an estate plan. Not only will this protect you now, but it’ll do the same to your assets and loved ones upon your death. The trouble with estate planning is that most people don’t know what they’re doing. It sounds simple enough, but as they … Read more
When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who should get your assets if all your other beneficiaries are gone. Read on to learn more about this often-confusing concept.
You want your estate planning to be handled by an attorney who stays current on the law. The American Academy of Estate Planning Attorneys is holding its semi-annual conference providing education and learning for its Members.
When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa. Read on to learn more, including how to avoid a challenge if you choose an unequal division among your children.
The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when you are planning your estate. Advance Directives for Health Care Everyone is well aware of the fact that you have to facilitate postmortem … Read more
The President’s bout with COVID-19 demonstrates the importance of keeping planning current. A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions.
Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions.
Chadwick Boseman played many heroic American roles and the superhero role of the Black Panther. His death at age 43 demonstrated how it’s important to have at least a basic estate plan in place even if you’re young. Read on to learn more.