Parents don't usually think about death, illness, or injury when they are young. As unlikely as such a serious event is early on, it is a possibility. This is why we pay for medical insurance, disability insurance, and life insurance.…
In your estate planning for the future inheritance of your children and grandchildren, it is essential to incorporate protective measures that prevent assets from being lost or claimed by creditors. A simple way to achieve inheritance protection is through a…
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…
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…
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…
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…
There is a good chance that you have a beneficiary, since retirement accounts, wills, and trusts commonly have beneficiaries. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner…
In order to supplement their loved one's needs and quality of life while continuing to qualify for public assistance, many people with loved ones with disabilities create special needs trusts (SNTs) to save money tax-free. In 2014, the ABLE Act…
Dealing with death and receiving an inheritance is an emotional time following the loss of a loved one. The loss of a loved one is sad, but the influx of funds can bring joy or relief. It can be hard…