Many people believe estate planning is only for the wealthy, but this couldn’t be further from the truth. Estate planning is about protecting your loved ones, ensuring your wishes are honored, and avoiding unnecessary legal and financial complications. Whether it’s naming guardians for your children, minimizing taxes, or preventing disputes, having a solid plan in place brings peace of mind and security. Don’t let common myths like “I don’t have enough assets” or “It’s too expensive” stop you from taking action. A well-prepared estate plan is one of the most thoughtful gifts you can give your family. READ MORE
Posts Categorized: Wills
The Lesson Plan for Your Estate
Estate planning is like creating a lesson plan for your future – organizing what happens to your money, property, and care when you can’t make those decisions yourself. From essential documents like a revocable living trust and will to powers of attorney and healthcare directives, estate planning ensures your wishes are honored and your loved ones are protected. Start preparing today to secure your future and guide your family with clarity and confidence. READ MORE
Five Essential Steps to Protect Your Loved Ones in 2025
As we enter 2025, now is the perfect time to take action to protect your loved ones and secure your legacy. From organizing your finances and minimizing taxes to recording a meaningful Life & Legacy Interview and planning your final farewell, these steps ensure your family is cared for and spared unnecessary stress. Through a comprehensive Life & Legacy Plan, you can create peace of mind for yourself and lasting clarity for your loved ones. Schedule a Life and Legacy Planning Session today to get started! READ MORE
UPDATE: Appeals Court Reinstates – Then Suspends – Corporate Transparency Act Filing Requirement
Recent updates to the Corporate Transparency Act (CTA) have created some uncertainty for business owners, as filing deadlines have shifted multiple times. While the requirement to disclose personal information is currently optional, it’s important to stay informed as the situation evolves. We’re here to help you navigate these changes and ensure your estate plan and business protections are up to date. Schedule a Life and Legacy Planning Session with us today to get expert guidance on safeguarding your business and family, regardless of what happens with the CTA. READ MORE
Estate Planning Meets FAFSA: Smart Strategies for Asset Ownership
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
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
Lessons from Tony Bennett’s Estate Battle: How to Protect Your Family’s Future
When Tony Bennett passed away in 2023, his $100 million estate became the center of a family dispute that highlights the importance of clear estate planning. Bennett’s daughters are suing their brother, the trustee of the estate, over allegations of financial mismanagement, lack of transparency, and failure to honor their father’s wishes. This case serves as a cautionary tale about the potential pitfalls of appointing a family member as trustee without proper safeguards. In this blog, we explore the lessons from the Bennett estate battle and provide valuable insights on how to protect your family from similar conflicts through thoughtful planning, communication, and the right legal guidance. READ MORE
What You Should Know Before Agreeing to Serve as Trustee
Being asked to serve as a trustee for a loved one’s trust is both an honor and a significant responsibility. Trustees are legally required to manage and distribute trust assets according to the trust’s terms, protect the interests of beneficiaries, and ensure all legal and financial duties are met. While you don’t need to be an expert in law or finances, you may need professional guidance, which can be covered by the trust. Before agreeing to serve, it’s important to fully understand the duties involved. If you’ve been asked to serve as trustee, or are considering it, we can help you assess whether it’s the right role for you. Schedule a Life and Legacy Planning Session with us to gain the clarity you need. READ MORE
Beyond the Turkey: How Thanksgiving Can Inspire Your Family Legacy Planning
Thanksgiving isn’t just about the food; it’s the perfect time to reflect on and plan for your family’s future through meaningful legacy conversations. As you gather with loved ones, consider using this holiday to discuss your family’s values, traditions, and financial wishes, ensuring that these important elements are passed down for generations. Whether it’s capturing family stories, planning for charitable giving, or creating an estate plan that reflects your family’s needs, Thanksgiving can be the springboard for thoughtful discussions that shape a secure, harmonious future. Schedule a Life & Legacy Planning session today to start creating a comprehensive plan that safeguards your family’s legacy for years to come. READ MORE