It may seem like a grim subject but preparing for what happens after you pass away is crucial to protecting your legacy and your family. No matter how little or grand your assets are, the fact is you’ve worked a lifetime to accumulate what you have and it’s important protection it for those you … [Read more...] about What You Need to Know About Asset Protection
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Power of Attorney: What You Need to Know
When it comes to planning your estate, one of the most critical tools to bear in mind is the power of attorney. You may be familiar with the term but have not had the opportunity to inquire about setting one up, or about its duration and effectiveness. A power of attorney is a document drawn up by … [Read more...] about Power of Attorney: What You Need to Know
Estate Planning Best Practices
Establishing an estate plan is an exercise that each of us is going to have to tackle at some point in our lives. It becomes more important with every passing year as our assets and legacy grow. Creating an effective and ironclad estate plan is not an easy venture, as it must accomplish multiple … [Read more...] about Estate Planning Best Practices
Joint Tenancy Problems in Estate Planning
Sometimes people use Joint Tenancy as an easy, simple way to do Estate Planning. However, this can have serious, unexpected drawbacks. Read on to learn more. … [Read more...] about Joint Tenancy Problems in Estate Planning
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
Problems with Joint Tenancy
Although joint tenancy offers some short-term conveniences, in the long run it poses a host of problems that can cost you and your loved ones multiple times the expense and headaches that you thought you were avoiding. For the vast majority of American couples, “till death do us part” also means, … [Read more...] about Problems with Joint Tenancy
Dynasty Trusts
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more. … [Read more...] about Dynasty Trusts
It’s Better to Give, Especially This Year
Normally, you must itemize your deductions in order to benefit from them. In 2020, the standard deduction amount is $12,400 for individuals and $24,800 for married couples filing jointly. But this year, you can get a charitable deduction even if you don’t itemize. Read on to learn more. … [Read more...] about It’s Better to Give, Especially This Year
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 with an estate planning attorney to get one. Read on to learn more. … [Read more...] about Starting the New Year Right
What is a Power of Attorney?
A Power of Attorney is a document in which the “Principal” gives powers, duties, and responsibilities to the “Agent” who acts for the Principal under certain circumstances. The Power may be over health matters (a Health Care Durable Power of Attorney – also known as a Health Care Proxy or Advance … [Read more...] about What is a Power of Attorney?
