Tax season is upon us. Those who are getting ready to file their tax returns may wonder whether this is the year they are chosen for an audit. Audits are generally not random. There are some red flags that can increase a taxpayer’s risk of a federal audit.For...
Ideally, an estate plan should be an evolving set of documents. These legal tools should change and grow with you — not remain static. Those who put together an estate plan and forget it are less likely to have an estate plan that truly reflects their desires...
An estate plan can ease the transfer of assets. This includes everything from a family home to less tangible assets, like stocks. Here are three examples for the best way to discuss the transfer of stocks:Example #1: Stockowner does not include stock in the estate...
A trust is an estate planning tool that can reduce one's estate tax obligation. As a result, some may think the increased estate tax exemption rates that went into effect with the passage of the Tax Cuts and Jobs Act (TCJA) have made the need for a trust...
Are your assets protected? Every family should answer this question with a confident yes. Unfortunately, many people do not know where to start when it comes to wealth management and asset protection.How to protect and preserve your wealth Wealth management is a vital...
Estate planning is not just for individuals and families with large estates. One of the most important documents to have in your estate plan is a will. Have you thought about getting a will but decided to do it later? Think again. Dying without a will creates serious...
Your personal New Year's resolutions may still be in full swing, or they may have disappeared a few weeks ago. Either way, your estate planning resolutions should still be on your mind if your goal is to protect your family and your assets. Why you should evaluate...
Estate planning provides the opportunity to review and account for all assets. Most people have plans that include tangible forms of property, retirement accounts, stocks, bonds and business interests. But did they remember to include digital assets?Digital assets...
A special needs trust is a legal document that can help to better ensure the care of loved ones who are unable to make decisions on their own. This legal tool, also referred to as a supplemental needs trust, offers many benefits.What are the benefits of a supplemental...
Those who are looking to bequest collectibles within an estate plan are wise to have an accurate appraisal completed for the items. Getting an accurate appraisal for these keepsakes can be difficult.A recent case provides an example. Details of the case: The case...
