Estate planning is an incredibly important element of any adult’s financial preparedness. Unfortunately, too many Americans fail to have an up-to-date estate plan to protect themselves or their family in the event of sickness, accident, or untimely death. When interviewed many of those “sitting on the sidelines” shared that they, “Wanted to get started” BUT…. …
It is best not to assume that your spouse will have total control of your finances if you become incapacitated. Although your spouse has some rights over property you own together, like joint bank accounts, he or she is restricted from doing certain things with that property. For example, generally both spouses must consent in …
It is best not to assume that your spouse will have total control of your finances or be able to make medical decisions for you if you become incapacitated. Financial: If you are married, your spouse does have some authority over property you own together — for example, to pay bills from a joint bank …
Getting started: Please do not think your Will has to be a “be all end all” document My clients sometimes hesitate to begin drafting… concerned that they don’t have all the answers. * “Will their current choice of guardian be equally as good in five or ten years?” * “What if their parents need financial …
You probably chose your home for a variety of reasons… all very personal to you. It is within your budget, has the right number of bedrooms, a big backyard/bonus room to accommodate busy boys (and girls), a phenomenal playhouse for creative little ones, great schools and even better neighbors. Whatever the reason THE MOST IMPORTANT …
Creating Your Lasting Legacy When people who love Outdoor School begin to assess and plan their estates, two basic values often emerge. First, quite naturally, is to take care of their spouse and children. Second is to have their lives make a difference, to create a meaningful legacy for the causes in which they believe, …
Many clients have life insurance as part of their assets to provide for their surviving spouse or children. Although life insurance is not subject to income tax, it is subject to estate tax. The estate tax is a transfer tax on everything you own on your date of death – this includes life insurance, retirement …
Estate Planning for the Non-U.S. Citizen If you are a not a U.S. citizen or if your spouse is not a U.S. citizen, planning your estate becomes much more complicated. Here are some important facts: * Non-U.S. Citizens cannot benefit from the U.S. tax laws in the same way a U.S. resident couple can. …
The possibilities of a New Year…. always seem to inspire those infamous resolutions. Drafting a Will might be a great thing to add to that “to-do” list. You probably have one of those “need to do eventually but not today” lists residing somewhere in your brain. Eat more salad. Plan a date night with …
Estate planning isn’t only for wealthy people Writing a Will | USA.Gov Estate planning isn’t only for wealthy people. An estate plan legally protects and distributes property based on your wishes and the needs of your family with as little tax as possible.