Posts Categorized: Estate Planning

The SECURE Act: How Does It Affect Your Retirement Accounts?

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which became effective on January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. It will have a positive impact for many older Americans but could have negative tax consequences for many beneficiaries of their retirement accounts. READ MORE

Productivity Tips for the New Year

Are you feeling bogged down in a swamp of clutter, deadlines, and incomplete tasks? As we draw closer to the end of the year, make it your goal to do a few simple things over the course of a day or two that will result in increased productivity and peace of mind for 2020. READ MORE

4 Tips For Discussing Estate Planning With Your Family This Holiday Season

The holidays offer an opportunity to visit with loved ones you rarely see and get caught up on what’s been happening in everyone’s life. And though it might not seem like it, the holidays can also be a good time to discuss estate planning. In fact, with everyone you love, from the youngest to the oldest, gathered together under one roof, the holidays provide the ideal opportunity to talk about planning. READ MORE

Buyer Beware: The Hidden Dangers of DIY Estate Planning—Part 2

Online planning documents may appear to save you time and money, but keep in mind, just because you created “legal” documents doesn’t mean they will actually work when you (or most importantly, the people you love) need them. Without a thorough understanding of how the legal process works and impacts family dynamics upon your death or incapacity, you’ll likely make serious mistakes when creating a DIY plan. READ MORE

Buyer Beware: The Hidden Dangers of DIY Estate Planning – Part 1

In this way, relying on DIY planning documents is one of the most dangerous choices you can make. In the end, such generic forms could end up costing your family even more money and heartache than if you’d never gotten around to doing any planning at all. At least with no plan at all, planning would likely remain at the front of your mind, where it rightfully belongs, until it’s handled properly. READ MORE

Myths We Tell Ourselves About Estate Planning

Estate planning can be a very difficult process to start without the right guidance. Making the decision to move forward with the planning requires us to face our mortality and this thought can stop many people right in their tracks. Others talk themselves out of seeing a qualified attorney to put together an estate plan based on some of the following common myths: READ MORE

The Real Cost To Your Family: Not Updating Your Estate Plan

This is the final article in a series discussing the real costs to your family for failed estate planning. This article continues the discussion of the most common and costly planning mistakes encountered. Here, I discuss how not updating your estate plan will likely result in a failed estate plan. READ MORE

The Real Cost To Your Family: Relying On A Will Alone

This is the third post on the discussion of the true costs and consequences of failed estate planning. The series highlights a few of the most common—and costly—planning mistakes we encounter with clients. This article discusses why having a will alone may result in your family suffering by having to go to court when you are gone. READ MORE

The Real Cost To Your Family: Having No Estate Plan At All

This is a continuation of the discussion of the true costs and consequences of failed estate planning. Here I discuss a few of the most common—and costly—planning mistakes I encounter with clients. If this article exposes any potential gaps or weak spots in your plan, meet with me to learn how to properly address them. READ MORE