Tag Archives for " Estate Planning "
The 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 readingAre You Going to Take Advantage of the Proposed “Clawback” Changes?
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 […]
Continue readingCelebrity “Fail” Series…Fail #3…How Burt Reynolds and Aretha Franklin Failed at 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 […]
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 readingCelebrity “Fail” Series…Fail #2…How Frank Sinatra Jr. Failed at Estate Planning
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 […]
Continue readingCelebrity “Fail” Series… Fail #1…How Prince Failed at Estate Planning
In a world where people envy the lives of celebrities, there are some realities that might not make you quite so envious. One of these areas is Estate Planning. When we think they have it all together we often times discover this is not necessarily the case. When they pass away and their estate plans […]
Continue readingPrepare to Live a Long Life and Enjoy Every Bit of It!
A long life is a great gift, but with the joys come some financial and legal challenges. The earlier you act to address them, the better off you and your heirs will be.
Continue readingThere are MANY Reasons Everyone Needs to do Estate Planning
Don’t have an up-to-date estate plan? You’re not alone. More than 70% of Americans don’t, including more than half of all baby boomers. That’s why we’re sharing our best tips for creating one.
Continue readingWhy You May Want to Form an LLC
I find that there are a lot more “unknowns” and “concerns” about an LLC (limited liability company) that perhaps any of the other business structures…at least I seem to get more questions about LLCs than the others. So it caused me to conclude that most people really don’t understand all the benefits surrounding an LLC […]
Continue readingEstate Planning…Not Just for Parents or Grandparents…Important for Millennials and Younger Baby Boomers
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 […]
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