Monthly Archives: March 2018
Use Your Will to Ensure That Your Wishes Are Followed
When facing the death of a loved one, the last thing any family members want to worry about is dealing with an estate and going through probate. If you don’t have a plan in place, then your individual state and the court system comes up with a plan for you. Your property will eventually… Read More »
Why It’s a Mistake to Leave Estate Assets Directly to Outright Child
Many people understand why young adults and minors should not inherit property outright. Someone with the experience and maturity must be able to manage the assets and make critical spending decisions but it can still be a mistake to leave assets outright to adult children. Overlooking the benefits of leaving assets inside a trust… Read More »
Affluent Adults Expected to Update Their Estate Plans
The new estate and tax changes currently in place at the federal level indicate that people are taking a hard look at their financial and estate plans. The gifting and estate tax exemption is up to approximately $11 million per person, which is double the levels under the previous law. A recent study completed… Read More »
What Young Entrepreneurs Should Know About the Estate Planning Process
Estate planning can often seem overwhelming for someone who is already involved in all of the various aspects of running a busy company. However, entrepreneurs and in particular, young entrepreneurs need to be mindful of how to engage in the estate planning process appropriately. Estate planning and business succession planning, in conjunction with asset… Read More »