Time to Start Investing
November 18, 2021The Time to Start Investing is Now Does the thought of funds and portfolios make you start to sweat? Do you think investing is only for the rich? Don’t let excuses or fear cause you to skip out…investing is a great way to grow your wealth. We can all get behind that concept. These days… Read more »
Estate Planning Assistance for Veterans and Active Military
November 10, 2021Whether you’re a veteran or active military, thank you for your service. Here is some help to put a plan in place to safeguard your family and your legacy. This should include how their family members will manage if the head of their household unexpectedly dies. For military service members, the thought of how they… Read more »
New Tax Proposal Weakens Grantor Trusts
October 29, 2021Tax Proposal Targeting Grantor Trusts to Help Close Tax Gap For decades, trusts have been used in estate planning as a way for people to ensure that their assets are distributed according to their wishes after death. Trusts give individuals more flexibility with their assets than a simple Will and can utilize strategies to reduce… Read more »
The $600 Question-Will the IRS Be Tracking Your Expenses?
October 25, 2021What is the happening with the IRS tracking Expenses? Part of the Build Better Back Plan, proposed by the Biden administration, has people scratching their heads in confusion. Mostly due to a component of the plan to beef up IRS auditing. The administration wants to expand the agency’s funding and power. The proposal would require… Read more »
New Income Tax Law Changes – What You Need To Know
October 15, 2021The new income tax law changes will affect your financial plans whether you are an unmarried, married individual, trust, or estate with taxable income. It is important to understand the new tax rate and how it will affect your long-term and short-term financial goals. Here is what you need to know about the new income… Read more »
What is Legacy Planning?
October 13, 2021Legacy planning encompasses the financial, legal, and emotional aspects of preparing for death. It’s important to take care of your family’s well-being after you’ve passed away by making sure their needs are met. One common way to do this is through a will or trust because it outlines who gets what assets when someone passes… Read more »
Planning a Special Needs Trust
October 08, 2021Start Planning a Special Needs Trust Now A Special Needs Trust is an Estate Planning tool that lets you better protect your disabled loved one without putting their eligibility for government-offered benefits, like Supplemental Security Income (SSI) and Medicaid, at risk. Trying to plan for a future you can’t control can feel overwhelming, but that’s why we’re… Read more »
Will the Debt Ceiling Crisis Impact Your Finances?
October 03, 2021Will the Debt Ceiling Crisis Impact Your Finances? Lawmakers have less than three weeks to raise the debt limit or risk a first-ever default, which would trigger a broad market sell-off and put a stranglehold on everything from government payments to the ability to borrow. If lawmakers in Washington are unable to resolve the debt… Read more »
Proposed Tax Code Changes Will Impact Estate Planning
September 29, 2021As part of the proposed Build Back Better Act, there are significant changes to the Tax Code. These changes will effect common estate planning techniques, including gifts to trusts. This is a quick overview of the changes. It includes lowering of the estate, gift, and generation-skipping transfer exemptions. Lower Gift and Estate Exemptions The proposals… Read more »
Trusts and the Benefits They Offer Explored
September 23, 2021Trusts and the Benefits They Offer Explained Trusts are a plan to take care of the people you love when you’re no longer around or lack capacity to assist them. Traditionally, a trust is used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan. In more specific terms,… Read more »