It has long been a concern of affluent families to preserve their wealth and make sure it is passed on smoothly to the next generation. In estate planning, the generation-skipping transfer tax (GST) plays a significant role. The US government…
The foundation of philanthropy has long been charitable giving. People love contributing to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams, charitable remainder annuity…
Individuals with special needs can take advantage of several programs and services offered by the federal government. These programs are vital to parents and guardians supporting loved ones with disabilities. Parents raising children with special needs require nearly twenty percent…
If your parents are aging, bring up topics such as the Coronavirus pandemic, its effect on economic conditions, and how it relates to their future financial security. The conversation should come from a place of love and concern. Speak respectfully…
You know how much joy and comfort your pet gives you. It is likely that you consider your pet a valuable member of the family. Since you love them, you give them the best life you can. But what if…
Baby boomers continue to "gray" the nation, influencing the way states set budgets and healthcare policies. More attention will be paid to the needs of people under the age of 50 with changing attitudes towards working past age 65. Retirement doesn’t necessarily…
Trusts are generally created when someone or a company manages assets on behalf of another person. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary.…
No matter what your gender identity or sexual orientation, estate planning is essential for protecting your assets, wishes, and loved ones. Estate planning allows you to designate your partner, whether you are married or not, as the person who can…
Legal arrangements such as guardianships and conservatorships are available to individuals with developmental disabilities who are incapable of making important decisions or caring for themselves during adulthood. Establishing a legal guardian is the job of the court, which appoints a…
There is nothing more difficult than talking about death, preparing for it can make it seem even harder. However, end-of-life planning is an important part of estate planning. No one wants their family to have to make emergency medical decisions…