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Estate Planning

UPDATED Avoiding the Most Common Estate Planning Disasters by Scott Montgomery, CLU, ChFC

Posted September 29, 2022

After gathering the documents needed to file annual federal income tax returns, take a moment to review all of your financial accounts before filing those papers away in a drawer. Most importantly, look at how those accounts are titled, who is named as beneficiaries and consider if that information matches with your current life circumstances […]

Don’t Forget Your Pets in Your Estate Plan By Robert Mark Weiss, CFA

Posted September 7, 2022

It is increasingly common for pet owners to make provisions in their wills to provide ongoing care of their furry companions in the event they pass away or become unable to do so on their own. Moreover, all U.S. states and the District of Columbia allow their residents to establish pet trusts and set aside […]

Selling a Business Requires Estate-Tax Planning By Eric P. Zeitlin

Posted July 28, 2022

Selling a company you put your heart and soul into building can provide significant rewards, including financial security for the remainder of your lifetime and potentially your heirs. Nevertheless, achieving that aim and reaping the full potential of the proceeds from a business sale requires careful reviews of where your business currently fits within your […]

What is a Spousal Lifetime Access Trust? By Lee F. Hediger

Posted June 22, 2022

One of the basic principles behind proper estate planning is to help ensure decedents’ hard-earned wealth passes to their heirs in the most tax-efficient manner, which often means minimizing exposure to federal estate and gift taxes. While there are a variety of trust vehicles and other strategies individuals may use to achieve this goal, a […]

4 Critical Actions to Help Recession-Proof Your Finances By Kathleen Marteney, CRPC

Posted June 16, 2022

Ongoing supply chain challenges, prolonged inflation and geopolitical turmoil in Ukraine are stoking fears of a recession. Whether the Fed’s interest rate hikes can help to quell the threat of an extended recession depends on several factors, including a look at prior economic downturns. After all, those who do not learn from history are doomed […]

7 Things to Consider When Buying Life Insurance By Scott Montgomery

Posted June 1, 2022

Life insurance is a vital estate planning tool intended to help you protect your surviving family members from significant financial burden and other economic risks that can occur when you pass away. In the simplest terms, a life insurance policy passes outside of probate to your beneficiaries, providing them with immediate funds to pay required […]

5 Common Mistakes to Avoid When Establishing Trusts By Brendan T. Hayes

Posted May 25, 2022

Trusts are an essential part of estate planning, regardless of your financial means. After all, you do not have to be a millionaire to protect your family members and plan for their continual care after you are gone. With a trust, you can help to ensure that your wishes are followed, and your assets are […]

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