Estate Planning for Different Ages and Stages of Life

Posted on November 7, 2022

Estate planning is a critical means of protecting your financial legacy, providing for loved ones, reducing taxes and preventing unnecessary expenses, says a recent article from The Seattle Times, “Estate planning needs vary at every stage of your life.” The reasons for an estate plan change depending on your stage of...

How Did Olivia Newton-John Plan Her Estate?

Posted on November 4, 2022

Olivia Newton-John was worth roughly $60 million at the time of her death on Aug. 8, 2022. However, she spent her last years giving as much as she could to charity, reports The Express’ recent article entitled “Olivia Newton-John fortune: Incredible final acts of generosity as inheritance split.” Newton-John was first diagnosed...

Estate Planning for Changing Economic Times

Posted on November 3, 2022

A current estate plan is the cornerstone to successful wealth transfer. Reviewing your trust on at least a bi-annual basis can help ensure your plan takes advantage of gift tax exemptions, as well as remaining current based on changing real estate values and interest rates. Estate plans created during a historically low interest rate environment...

Factors to Consider when Picking Executor, Trustees and POAs

Posted on November 2, 2022

Having your estate planning documents created with an experienced professional is important, as is naming the people who will be putting your plan into action. A key sticking point is often deciding who is the right person for the role, says an article from Nasdaq titled “Estate Planning: 5 Tips to...

What Is Upstream Planning?

Posted on November 1, 2022

Estate planning with an eye to a future inheritance, known as “upstream planning,” can be especially important where families pass significant wealth from generation to generation. Knowing these details in advance can have a big impact on deciding on how to manage the heir’s own assets, as explained in the article

Are You Ready for 2026?

Posted on October 31, 2022

You may not be thinking about Jan. 1, 2026. Any New Year’s Eve celebrations being planned now are more likely to concern Jan. 1, 2023. However, if your estate is worth $5 million or more when the first day of 2026 arrives, your estate planning should begin now. According to a recent...

Estate Planning Considerations for Minor Children

Posted on October 28, 2022

Creating an estate plan with minor children in mind has a host of variables quite different than one where all heirs are adults. If the intention is for the minor children to be beneficiaries, or if there is a remote chance a minor child might become an unintended beneficiary, different provisions will be needed....

Top 10 Success Tips for Estate Planning

Posted on October 27, 2022

Unless you’ve done the planning, assets may not be distributed according to your wishes and loved ones may not be taken care of after your death. These are just two reasons to make sure you have an estate plan, according to the recent article titled “Estate Planning 101: 10 Tips for...

What Happens when You Inherit a Retirement Account?

Posted on October 26, 2022

The SECURE Act of 2019 reset the game for IRAs and other tax deferred retirement accounts, says a recent article from Financial Advisor titled “IRAs, Taxes and Inheritance: Planning Becomes a Family Affair.” Prior to SECURE, investors paid ordinary income tax rates on withdrawals, whether they were voluntary or Required Minimum...

Does My College Kid Need an Estate Plan?

Posted on October 25, 2022

When it comes to estate planning, we usually think of older adults. However, it’s a topic that we should also consider for college students. WDIO’s recent article entitled “Estate planning is for college students too” reminds us that there’s a number of documents you can put into place in the case of...