Category Archives for Estate Planning
Are You Taking Advantage of the 199A Tax Deduction?
Since it went into effect on January 1, 2018, our law office has been receiving a LOT of inquiries about the new IRC §199A deduction. Most don’t understand it and those that do aren’t sure exactly how to take advantage of it, or if it even applies to them. Allow me to try and simplify […]
Continue readingWhat is a “DAPT” and Why You Should Care About It
Let me start by defining what “DAPT” stands for…Domestic Asset Protection Trust. Still confused by what it means? Many are as it isn’t something that is simple and easy to understand in the first pass. I will hopefully help you understand it better and offer you some ideas on how it can be used so […]
Continue readingSingles Still Need a Plan for Retirement…just Different
Being in a relationship isn’t for everyone. However, if you find yourself single in the long run, financial experts say you should be planning for retirement differently
Continue readingThe Benefits of Having a Power of Attorney in Place
POAs are legal documents that allow you to name an “agent” (also sometimes referred to as an “Attorney-in-fact”) to act on your behalf for financial or health care decisions. They are key components of any estate plan
Continue readingFathers Strive to Protect Their Families…An Estate Plan Helps
Despite how it safeguards their families, many men avoid will-writing and estate planning. What is it that makes them so hesitant to do it
Continue reading4 Social Security Slips You Should Avoid
Social Security provides valuable benefits, and it’s important not to waste the opportunity to get them. However, given just how complex it is to evaluate your Social Security benefits, it’s not surprising that some people make mistakes
Continue readingWhy So Many Pastors Don’t have an Estate Plan
Passport? Check. Airline ticket? Check. Hotel reservation? Check. After careful planning, you’re ready for vacation! However, have you taken more time preparing for a vacation than your estate plan
Continue readingThere are Certain Financial Areas that need to be Taken Care of Before the End of the Year
New Year’s Eve is far away. However, it’s never too early to organize your finances for the end of the year. Do it while there’s still plenty of time to increase your retirement nest egg, lower your taxable income and avoid tax penalties
Continue readingWhy You Need a Last Will and Testament
Earlier this month, news outlets reported that Aretha Franklin, a Memphis native, died without a will. That fact seems important, but what good does a will actually serve
Continue readingAre You and Your Retirement Investments Prepared for “Market Correction?”
The older the current bull market gets, the more stories you’re likely to read about how this is an awful time to retire
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