Categories

Estate Planning

How Can an LLC Protect Physicians from Creditors, Litigation? By Jessica Pendergraft, CFP®*

Posted March 9, 2022

Physicians and other healthcare providers recognize the inherent risks of their profession, including legal and financial exposure to claims of medical malpractice. However, this professional liability is merely the tip of the iceberg when considering the legal minefield all professionals must navigate when operating a business, employing staff, owning property and even driving a vehicle. […]

Differentiating Between Revocable and Irrevocable Trusts By Brendan T. Hayes

Posted March 3, 2022

Trusts can play a critical role in helping individuals protect their wealth and ensure the efficient and private transfer of assets to beneficiaries after their passing. However, because the depth and breadth of different trust instruments are so vast, individuals must carefully structure their trusts to meet their unique needs and goals. A trust is […]

How to Help Beneficiaries Manage Financial Affairs, Thrive After a Family Member Dies By Scott Montgomery, CLU, ChFC

Posted February 15, 2022

One of the most critical yet often forgotten steps in the estate-planning process is preparing a surviving spouse to take over a family’s financial affairs. Even if you checked off all the boxes on your estate-planning to-do list, creating a will, properly titling accounts, naming beneficiaries and structuring assets for tax efficiency, your plan may […]

IRS Announces Inflation-Adjustments for 2022 Tax Rates By Scott Montgomery

Posted January 19, 2022

The inflation adjustments to various provisions of the tax code increase significantly in 2022 due, in part, to rising consumer prices and inflation over the past 12 months. It is important to consider these changes as you engage in estate planning and preparing for tax efficiency this year and in the years ahead. However, it […]

The Benefits of a Personal Property Memorandum By Brendan T. Hayes

Posted December 23, 2021

Engaging in estate planning is the best way to ensure your assets pass to your intended beneficiaries after death. The more detailed and specific language you use to draft your will, the better the chances that your wishes will be followed. However, consider what would happen if you drew up your will today, listing all […]

Charitable Giving Can Provide Greater Impact, Tax-Efficiency in 2021 by Eric P. Zeitlin

Posted November 10, 2021

Families rarely give to charity solely for a tax break. Still, it is not unreasonable to consider that charitable giving historically has played an important role in tax-efficient wealth and estate planning. Although fewer families have qualified to write off charitable gifts following tax reform enacted in 2017, some recent COVID-relief packages have changed the […]

4 Estate Planning Tips for Blended Families By Kathleen Marteney, CRPC®

Posted September 29, 2021

When second and third marriages result in the blending of two families, a complicated financial picture may emerge. Couples coming into a second or third marriage bring with them ex-spouses, children from previous relationships and financial responsibilities, assets and liabilities that may carry deep emotional attachments. Addressing these delicate issues from the onset will help […]

Parents of Special Needs Children Can’t Afford to Delay Estate Planning By Lee Hediger

Posted September 8, 2021

At some point, every parent must consider the possibilities of what will happen should they pass away before their children are old enough to care for themselves. This concern can be significantly more daunting when it involves special-needs children who may never become fully capable of living independently and supporting themselves. For these families, it […]

The Importance of Trusts for Families at All Income Levels By Lee F. Hediger

Posted August 26, 2021

Trusts, once thought of as vehicles reserved for the wealthy, have been garnering attention from families at all income levels. In fact, trusts are becoming as ubiquitous as wills, providing individuals with the assurances that their wishes for asset distribution and care of loved ones will be followed upon their death and done so rather […]

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