For many people, estate planning is all about one thing: deciding what will happen to their assets—such as bank accounts and real estate—upon their passing. However, there’s more to estate planning than what you see on the surface. And if you neglect to dig deeper, you could make errors that cost you and/or your family in the future. Here are some of the many things you should think about: Creating a trust: There’s nothing wrong with considering the creation of a will, but a trust offers … [Read more...] about There’s More to Estate Planning Than What You See
Beneficiary Designations and the SECURE Act Basics
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on the basics of the SECURE Act. Read on to learn more. … [Read more...] about Beneficiary Designations and the SECURE Act Basics
Tax Planning for 2021
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2021
Concerns to Discuss With Your Estate Planning Attorney
The nice thing about having a close relationship with an estate planning attorney is the ability to discuss all your concerns, no matter what they may be. Your legal team is always available to address your concerns, answer your questions, and put your mind at ease. It’s your hope that you never have concerns to discuss with your estate planning attorney, but don’t expect this to be the case. There are sure to be times throughout your life when you need to consult with your lawyer on a variety … [Read more...] about Concerns to Discuss With Your Estate Planning Attorney
Biden Administration Could Reduce Estate Tax Exclusion
Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
Starting the New Year Right
As we begin a new year, it’s a good time to start off right. If you don’t already have an estate plan, now’s a great time to make an appointment to get one. Read on to learn more. Contact us to schedule a free one-hour personalized consultation … [Read more...] about Starting the New Year Right
How to Begin the Estate Planning Process
You’ve come to the conclusion that there’s no better time than now to create your first estate plan. Congratulations! Although it’s a challenging process, as you’ll come face to face with many questions and concerns, it’s extremely rewarding in the long run. The first thing you need to do is prepare for the estate planning process. This differs from one person to the next, but there are some basic steps anyone in this position can take. Here are three of them: Write down your short … [Read more...] about How to Begin the Estate Planning Process
Don’t Take These Risks When Creating an Estate Plan
Creating an estate plan will pull you in many different directions. On one front, you want to do what’s best for you and your loved ones, no matter what it takes. Conversely, you’re not excited about spending too much time on the process, as it’s not your idea of a good time. It’s natural to look for ways to cut corners. However, if you take an unnecessary risk, it could cost you and your loved ones time and money in the long run. Not to mention the stress that it can add to your … [Read more...] about Don’t Take These Risks When Creating an Estate Plan
Assignment and Nominee
What’s an “Assignment and Nominee” agreement and what does it do? Some attorneys use such an agreement as a belt and suspenders approach to funding. Read on to learn more. … [Read more...] about Assignment and Nominee
Leaving Assets Can Be Tricky
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky. Read on to learn more. … [Read more...] about Leaving Assets Can Be Tricky