Posted on: March 20, 2025
Many believe that those assets are protected from lawsuits once they set up a revocable living trust and transfer ownership of their accounts and property from themselves as individuals to their trust. This is not true, as this trust protection myth does not hold in reality. While trusts commonly serve as effective vehicles to protect […]
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Posted on: March 17, 2025
A common misconception is that only wealthy individuals and people in high-risk professions, such as doctors or lawyers, need an asset protection plan. However, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that could crush your finances. For everyone, it’s wise to […]
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Posted on: March 13, 2025
Planning for the future of your home can be complicated, especially when you want to ensure that a loved one can continue living there after you are gone. Two standard tools for accomplishing this are life estates and right of occupancy trusts. A life estate grants someone the legal right to live in a home […]
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Posted on: March 10, 2025
Suppose the last time you and your spouse updated your estate plan was over a decade ago. In that case, your estate plan may contain what is sometimes referred to as AB trust planning, which, until 2011, was the only way married couples could take advantage of both spouses’ federal estate tax exemptions. Initial Reasons […]
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Posted on: March 6, 2025
Approximately three-fourths of Americans do not have a basic will.[1] Many of the same people also have children under 18, underscoring a significant misunderstanding about estate plans: They can accomplish much more than just handling financial assets (money, accounts, and property). One of the essential functions of an estate plan for parents of minor children […]
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Posted on: March 3, 2025
Rising housing costs, the desire for companionship, and the need to share resources increasingly lead buyers to consider buying a home with someone other than a spouse, such as a friend, relative, or significant other. Although this arrangement can be beneficial on several levels, it should be approached with open communication, careful planning, and a […]
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Posted on: February 27, 2025
The Hollywood lawsuit between Blake Lively and Justin Baldoni brings workplace sexual harassment back into the spotlight. While this case involves celebrities, sexual harassment affects workplaces of all sizes and industries. As a business owner, understanding how to prevent and address sexual harassment is crucial for protecting your employees and your company. We can learn […]
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Posted on: February 24, 2025
How to Pass Your Stories and Values to Future Generations Money and property may be the most discussed types of wealth a person owns, but the riches of their experience and wisdom can mean even more to loved ones. Remember, money isn't everything when it comes to family legacy. Reinforcement of family traditions can be […]
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Posted on: February 20, 2025
5 Things to Talk About with Your Family You intend to pass along your hard-earned money and property through your estate plan, but what about your wisdom? Ensuring you pass this along may call for a family meeting to discuss your finances, legacy, and core principles. This is an essential part of Estate Planning that […]
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