Asset Protection Planning

Debt After Death: Why You Should Think About It When Estate Planning

Posted on: January 18th, 2018
If you carry debt, do not assume that your death or incapacity will make it automatically disappear. To the contrary, the money you owe may eat away at the assets you were planning to leave to your heirs or -- if you owe a large amount of money -- may wipe out your estate completely. Debt comes in many different forms including credit cards, student loans, car payments, mortgages, and other financial obligations....

Organizing for Tax (and Estate Planning) Season

Posted on: January 15th, 2018
It’s the start of a new year, which means tax season—and this year’s April 17th IRS filing deadline—is just around the corner. Soon you’ll be receiving tax forms such as your W-2 or 1099s, and you’ll start thinking about the life events that could affect your taxes in various ways....

What to Expect from Estate Planning in 2018

Posted on: January 11th, 2018
As we all look ahead to 2018, let’s consider a few things to watch regarding estate planning, so you and your family can be completely protected....

How Do I Protect Rental Property That I Own?

Posted on: November 15th, 2017
How Proactive, Comprehensive Estate Planning Can Help A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets - such as life insurance, retirement funds, and annuities - should also be considered as part of your estate plan. If you own rental property, however, your estate plan will be more complicated because there are some unique considerations....

Can I Bequeath My Frequent Flyer Miles?

Posted on: November 8th, 2017
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. They could be worth thousands of dollars, so you probably don’t want them to just disappear, but some airline policies say that’s exactly what will happen....

How Long Should You Keep Important Documents?

Posted on: November 6th, 2017
In a society dominated by paperwork, the question of how long to hold on to important documents has been baffling for most people. We especially worry about documents of a financial or personally identifying nature. People who worry about losing something important sometimes hoard everything; others who worry about things like identity theft are too quick to shred documents. Most of us, however, lie somewhere between these two extremes: Simply and utterly confused about what to keep and how long to keep it....
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