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When you create a trust, you must choose someone to serve as the trustee. The trustee will be the person responsible for handling the management and distribution of the assets owned by the trust. Choosing the right trustee is one of the most important decisions you will make on your estate planning journey. The role […]
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Cryptocurrencies and NFTs (non-fungible tokens) have become hot topics in the media and amongst our estate planning clients. Even young individuals with no prior investing experience are getting involved in these new forms of digital currencies. In simple terms, a cryptocurrency is a digital token that is gradually becoming an accepted way to purchase and […]
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If you are looking to make a positive impact on the world, while also reducing your tax liability, we encourage you to consider establishing a donor-advised fund. A donor-advised fund (DAF) serves as a vehicle to donate assets directly to a charity typically of your choosing. However, the sponsoring organization maintains ownership of the fund […]
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Estate taxes are an unfortunate reality for beneficiaries lucky enough to qualify for them. You want your family to enjoy the fruits of your labor and possibly carry on the legacy of your business after you are gone. However, sometimes success comes at a cost. While only a small percentage of estates qualify for the […]
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When most people hear the phrase, “estate asset inventory” they often think of investment accounts, bank accounts, real estate holdings, cars, etc. However, the assets included within your estate should not be limited solely to traditional or big-ticket items. The value of your estate includes all your possessions and belongings, including artwork and other creative […]
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Qualified Charitable Distributions (QCDs) are distributions made directly from your Individual Retirement Account (IRA) to a qualified non-profit organization. Making a donation through a QCD at the right time can not only benefit a charity you feel passionate about, but can also help reduce the income tax impact caused when you begin taking Required Minimum […]
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“How will I be able to provide for my family after I’m gone?” That question has kept some of us awake in the middle of the night. While there is no way to predict the future, resources exist to help you achieve a significant level of peace of mind. Stressing out about things beyond your […]
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This blog is a summary of the key points from our recent webinar. To view the recording of the webinar, please visit here. “What exactly is happening with the proposed estate law tax changes in Washington?” The question has been on a lot of our minds lately. Some people believe business will continue as usual, while […]
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Most adults are aware that they should have a Will, formally known as a Last Will and Testament. However, you may not be aware that a Will is just one piece of your estate plan. The phrase estate planning includes several different legal documents and tools to ensure your wishes are known and your loved ones are taken care of after you pass. […]
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As soon as your child turns 18, they are, in fact, a legal adult. And before you know it, they are going to be entering the real world. Between college applications, job searching, graduation parties, sometimes the finer details of their burgeoning adulthood can get lost in the shuffle. Most likely, your child will not even be thinking of the legal documents required to prepare them for the […]
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