Understanding how FAFSA evaluates assets can significantly impact your child’s financial aid eligibility. By strategically managing asset ownership—like prioritizing 529 plans, leveraging retirement accounts, and timing financial moves—you can maximize aid and preserve your family’s wealth. Schedule a Life and Legacy Planning Session today to create a plan that balances education funding with long-term financial security! READ MORE
Monthly Archives:: December 2024
Actions to Take Before 2024 Ends to Qualify for Tax Credits
As the year comes to a close, now is the time to take advantage of tax credits that can save you money and set you up for success in 2024. From the Earned Income Tax Credit to residential energy improvements, childcare, and retirement savings, there are many opportunities to reduce your tax bill or increase your refund. Learn how to maximize your savings and plan for your financial future by scheduling a Life and Legacy Planning Session today! READ MORE
Special Report: Act Before 12/31 If You Have Crypto Assets!
Act now to protect your cryptocurrency! New IRS rules starting in 2025 require wallet-by-wallet cost basis tracking, which could impact your tax strategy. Use the safe harbor deadline of December 31, 2024, to simplify compliance and secure your digital legacy. Schedule a Life and Legacy Planning Session today to ensure your crypto assets are protected for the future! READ MORE
Year-End Options for Giving to Charity
The desire to make a difference doesn’t end when we’re gone. For many people, incorporating charitable giving into their estate plan provides a way to support causes they care about while creating a lasting legacy. Whether you want to establish a scholarship fund, support medical research, or help your local community, thoughtful charitable planning can maximize your impact while potentially providing tax benefits for your heirs. Since this time of year invokes a desire to give to those less fortunate, and take advantage of tax benefits, let’s explore how you can do that by including charitable giving in your Life & Legacy Plan. READ MORE
Estate Planning in Times of Change: Part 2 of 2
In uncertain times, protecting your family’s future is more important than ever—especially for LGBTQIA+ families and those with children who have special needs. This article explores how to navigate potential legal and policy changes by creating a customized Life & Legacy Plan. From safeguarding healthcare and educational rights to building comprehensive legal protections, learn how to ensure peace of mind for your loved ones. READ MORE
Common Estate Planning Questions Part 2 of 2
Planning for your family’s future can feel overwhelming with so many options to consider, such as whether to create a will or trust, or what happens if you don’t plan at all. This blog addresses common questions about estate planning, including the differences between wills and trusts, the probate process, and how to create a plan that minimizes stress for your loved ones. Gain clarity and take control of your legacy with insights and actionable steps to protect what matters most. READ MORE
Estate Planning in Times of Change: Part 1 of 2
With the estate tax exemption set to decrease in 2026 and interest rates fluctuating, now is the time to take advantage of current opportunities to protect your wealth and legacy. In Part 1 of this series, we explore the impact of taxes, interest rates, and asset protection on your estate plan. Don’t wait – learn how to secure your family’s future today! READ MORE
Common Estate Planning Questions Part 1 of 2: How to Handle Your Assets
Estate planning isn’t just about documents—it’s about ensuring your assets are protected, accessible, and passed on to your loved ones smoothly and according to your wishes. In this first part of a two-part series, we tackle common questions about asset ownership and management, such as the differences between joint ownership and transfer-on-death designations, the risks of skipping a trust, and why maintaining an up-to-date asset inventory is crucial. Discover how thoughtful planning can avoid family conflict, protect your assets from creditors, and streamline the process for your loved ones. READ MORE