Posted on: March 27, 2025
You’ve spent years building a solid nest egg—through discipline, hard work, and smart choices. Then one day, over morning coffee, you catch a news headline about a major bank failure. Your heart sinks as you realize a large portion of your cash savings could be at risk because your accounts exceed FDIC insurance limits. This […]
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Posted on: March 24, 2025
You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point. You probably have one or more types of traditional asset protection planning currently in place. The problem is, in many cases, the type of planning […]
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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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