Historically in a presidential election year, tax topics are widely discussed and debated between opposing candidates. This year is no different. The candidates have varying views when it comes to the tax planning strategy of stepped-up basis. The elimination of stepped-up basis would result in a … [Read more...] about Stepped-up Cost Basis Going Away?
The election happened November 3rd! There are millions of ballots cast, but the outcome is yet to be determined. With any election, but more so with this one, many Americans are wondering how they will be affected. There are significant differences with each party’s platform including … [Read more...] about Election Results Still Unknown – Estate Planning Scenarios for Each Candidate
I often meet with families because of an important life changing event (marriage, death, birth, special needs, etc.). These common events provoke families to start thinking about their demise and how to best leave their legacy to their loved ones. Another event that typically triggers families to … [Read more...] about Estate Planning after the Presidential Election
COVID-19, social distancing, and sheltering-in-place brought new changes to our perspectives and the need to re-evaluate current estate planning documents (or lack thereof). What many people don’t realize is that there are a couple of must haves for everyone, not just clients, with COVID-19 … [Read more...] about Estate Planning Must-Haves With COVID-19
A well thought out and properly drafted estate plan can go a long way toward protecting you and your assets while you are alive along with providing for the distribution of your estate after you are gone. Furthermore, it can provide you with the peace of mind that comes with knowing your wishes … [Read more...] about Why Should I Execute an Advance Directive?
You have undoubtedly heard from friends and family members all about the importance of creating an estate plan – putting a Will or Trust in place. You listened and you are finally going to make your estate plan a reality. One thing no one explained though, was what to do with your estate … [Read more...] about Where Should I Store My Estate Planning Documents?
If you have yet to create an estate plan, you have surely had to listen to well-meaning friends and family members urge you to get started on a plan. They may not, however, have explained to you some of the reasons why having an estate plan in place is so vital to you and your loved … [Read more...] about 3 Reasons You Don’t Want to Die Intestate
Any parent knows that being a parent is both the most rewarding, and most terrifying, role you will likely ever undertake. The moment you became a parent your priorities undoubtedly changed. The desire to protect and provide for your children guides all your decisions, including those you make … [Read more...] about Estate Planning Tips for Parents with Minor Children
Have you been putting off estate planning despite listening to friends and family harp about how important it is to have a plan in place? If so, you are hardly alone. About half of all Americans do not have an estate plan, even though most of them acknowledge the important nature of estate planning. … [Read more...] about 3 Reasons to Create an Estate Plan
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons