Business Planning

After Tax Reform, Is Estate Planning Still Necessary?

Posted on: February 8th, 2018
The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates from the nonpartisan congressional Joint Committee on Taxation. So, you may be wondering, is estate planning even still necessary? To put it simply: Yes!...

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....

Getting Ready

Posted on: April 13th, 2015
You've finally decided it's time to meet with an estate planning attorney and get your affairs in order. It's time to make sure your family is protected. ...

Funding your Revocable Living Trust

Posted on: March 23rd, 2015
The key to probate avoidance is proper asset ownership, including the full funding of your Revocable Living Trust....

The Many Needs for Life Insurance in our Lives

Posted on: January 18th, 2013
The main reasons most people have life insurance are to pay final expenses (medical, funeral, burial, etc.), replace an income stream and/or create wealth for our dependents after we die. Life insurance can also play an important role in business, estate planning and charitable giving....
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