Tag Archives: estate planning

Not only is it true that death and taxes are the only certainties in life, but one’s death can come with significant tax liabilities. The key to minimizing these so-called “death taxes” is to put tax efficient estate plans into place while you are alive. The term “death tax” refers to money the federal government […]

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 […]

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 […]

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 […]

When a person dies, the settling of his or her estate and the closing of his or her financial affairs begin. The entire process can be overwhelmingly stressful for grieving family members and quite time consuming, depending on the size of the decedent’s estate and the plans put in place before his or her passing. […]

People spend a significant amount of time building their wealth and carefully creating trusts and mapping out an estate plan to protect and preserve their assets for future generations. Yet, when it comes time to naming a trustee to carry out their wishes under the terms of a trust, many people stumble. Making the right […]

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

The emotional rollercoaster individuals endure during and after a divorce can be debilitating. Equally devastating are the financial fallouts that can ensue from these life transitions. However, there is a ray of sunshine beyond the storm when women take a moment to assess the facts of their newly single life and rebuild a strong financial […]

Navigating through major life transitions is stressful, regardless of whether they are anticipated rites of passage, such as a marriage or birth of a child, or unexpected events, such as a divorce, personal illness or death of a spouse. While these changes are inevitable, they need not be emotionally or financially devastating when you take […]