A recent publication in The Atlantic estimates over 1.4 million American households hold over $5 million in assets. With such large wealth in the country, many are starting to ask whether there is such a thing as “too much” inheritance. For many wealthy...
Putting together an estate plan is likely on your “to do” list. For those who already have a plan, they may have an annual reminder to review the plan and make changes as needed. Whether you are one of the millions in the former situation or part of the...
Fair does not always mean equal. Parents learn this lesson while their children are young. It quickly becomes apparent that each child has their own personality and may have different needs. This can translate to different forms of parenting styles for each child.As...
Timeshares are great for those seeking a getaway, but they aren't easy to deal with in an estate plan. Aside from finding someone who wants to maintain these vacation ownerships, you need to find a way to incorporate these into your plan so your beneficiaries don't...
Parents have many tough decisions to make when raising their kids, and one of the most difficult can be how they plan to pass along their assets. Most families do not want children under the age of 18 inheriting money or property, so choosing a qualified trustee is...
Putting together an estate plan is a unique process for everyone. Although legal professionals will caution against the use of do-it-yourself (DIY) estate planning tools, nothing sends the message home better than real life examples of the errors that can occur when...
As you begin estate planning, you may want leave money for your children even though they may not have inherited your good financial sense. If there is a chance a child could squander his or her inheritance, it may be appropriate to take precautions to help protect...
How we handle our money is changing. Forbes recently reported a “resurgence in value” of Bitcoin in 2019. Bitcoin is just one form of digital currency. The piece also reports cryptocurrencies as a whole are valued at over $335 billion as of June 2019....
The Internal Revenue Service (IRS) is considering a new rule that will impact retirement plans. The rule specifically addresses IRAs. What piece of legislation? The SECURE Act is gaining momentum within Congress. The proposal passed the House of Representatives in May...
Your will protects your personal wishes and your family's legacy. That will you made five or 10 years ago needs some changes. Like a house, your will needs minor updates and changes as time progresses. At home, the paint on your wall may have started to chip or the...
