Stories and insights about how you can have greater peace of mind and No More Tears

The “ESSENTIAL” Send Off Packet for ALL College Students (and Adult Children)

December 10, 2019
/ Asset Protection Blended Families Established Families Estate Planning Family Issues Farm Families International Individuals and Families Kids Legacy Planning Married Couples No.More.Tears. Parents Planning Process Real Estate Risk Singles Special Assets Special People Trusts Wills Wills & Trusts Young Affluent
/ By Tom Lofton

Your kids are either coming home for the holidays or possibly even getting ready to start college after the first of the year in some cases. Either way, it is critically important to send them off to college with an ESSENTIAL PACKET to protect them and you as their parents. We’re not talking about supplies […]

Don’t Forget About Your “Other” Loved Ones…Your Pets

Are you (or do you know) one of those pet owners who is “over the top” passionate about their pet? They are a member of the family and are loved as much as anyone else in the family. Their pets might even get more attention when it comes to posting pictures on social media than […]

The “Four Pillars” You Need in Your Estate Plan so it “Works” the Way You Want It To

Regardless of whether you have an estate plan in place or are just starting to think about one, there are some key elements everyone should know about (or refresh their thinking about). It will be worth your time to refresh yourself (or educate yourself) on some core goals you should consider when thinking about estate […]

Three Critical Legal Documents Every Parent Should Have in Place NOW to Safeguard Their Adult Children

As a parent, you may have felt like you lost control of your “adult” children long ago…but according to the law, you lost control when they turned 18! Well, maybe not complete control, but at least control over certain medical and financial situations. When your child turns 18 years of age, at least in the […]

Are You Taking Advantage of the 199A Tax Deduction?

September 3, 2019
/ Advisors Business Owners Current Affairs Estate Planning Farm Families Legacy Planning Married Couples Parents Planning Process Retirement Planning Risk Settlement of Estates Singles Tax Tax Planning Trusts Wills Wills & Trusts Young Affluent Young Families
/ By Tom Lofton

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 […]

Are You Going to Take Advantage of the Proposed “Clawback” Changes?

December 11, 2018
/ Advisors Blended Families Business Owners Farm Families International Individuals and Families Married Couples No.More.Tears. Parents Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Tom Lofton

Because of the recent tax law changes, there is an interesting proposal on the table that will be voted on in March of 2019. It is expected to pass with little opposition. If it does pass, there will be some interesting “opportunities” for people between now and 2026. This is the window where you will […]

Celebrity “Fail” Series…Fail #3…How Burt Reynolds and Aretha Franklin Failed at Estate Planning

Burt Reynolds and Aretha Franklin fails in estate planning

This is the third in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities. It also demonstrates that effective estate planning isn’t about having the […]

Celebrity “Fail” Series…Fail #2…How Frank Sinatra Jr. Failed at Estate Planning

November 28, 2018
/ Blended Families Business Owners Established Families International Individuals and Families Married Couples No.More.Tears. Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Tom Lofton

This is the second in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities.It also demonstrates that effective estate planning isn’t about having the […]

Estate Planning…Not Just for Parents or Grandparents…Important for Millennials and Younger Baby Boomers

October 26, 2018
/ Blended Families Established Families International Individuals and Families Kids Married Couples No.More.Tears. Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Blaine

When I ask people who they think Estate Planning is for, the unanimous answer is Parents, Grandparents, Baby Boomers, or Business Owners. Rarely do they answer Millennials or Young Baby Boomers…this is a common mistake. Yet with the lifestyles and activities of these groups today, it is critically important they have an Estate Plan in […]

Reasons Why Receiving an Inheritance Might be Trickier Than You Think

September 25, 2018
/ Blended Families Business Owners Established Families International Individuals and Families Married Couples No.More.Tears. Retirement Planning Seniors and Retirement Singles Special People Young Affluent Young Families
/ By Tom Lofton

It has been estimated that more than $41 trillion will be transferred to heirs in the United States over the next 50 years. This is the largest transfer of wealth in U.S. history. Are you entitled to some of this pot of money? If you are, there are some things you should be aware of […]

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