Posted on: January 16, 2025
Now is the perfect time to start working on an estate plan. As newlyweds, you are likely deciding which of your accounts and property (your assets) to combine and how to turn two households into one. You may also be setting up new bank accounts and creating a plan for paying shared bills and other […]
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Posted on: January 13, 2025
Americans are, quite literally, getting buried in debt, with nearly half expecting to pass away with outstanding debts.[1] This post covers how one should go about handling a deceased loved one's debts. Generally, a person’s debts do not go away when they die. Some types of debt, such as federal student loans, are typically forgiven […]
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Posted on: January 9, 2025
Many believe that once they set up and fund a revocable living trust, property held in the trust will avoid federal estate taxes after dying. In reality, a living trust provides no unique estate tax avoidance strategies. The primary mechanisms for reducing estate taxes—the unlimited marital deduction and the charitable deduction—apply whether money or property […]
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Posted on: January 6, 2025
How to Prepare for the Unexpected Getting married is a special time; you may have a beautiful wedding, a fun reception (with a delicious cake and unique gifts), and a romantic honeymoon. It is also the right time for you and your new spouse to plan for your future—for richer or poorer, in sickness and […]
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Posted on: January 2, 2025
Understanding how financial aid and estate planning intersect can make a significant difference when preparing for college expenses. This article will explain how the FAFSA and asset ownership influence aid eligibility, offer actionable strategies to increase the chances of receiving aid and highlight estate planning tools that can protect your wealth while optimizing support for […]
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Posted on: December 30, 2024
As we prepare for Donald Trump's return to the White House in January 2025, business owners wonder how the new administration's policies will impact their operations. From tax changes to regulation rollbacks, understanding what's ahead can help you position your business strategically. Let's explore the key areas the incoming administration could affect your business. Tax […]
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Posted on: December 26, 2024
Why You Should Include Estate Planning In The Preparation You have likely been preparing for weeks to get your new college student off to school. It is exhilarating, and your heart may be bursting at the seams. You are probably prouder than words express, but you are also afraid. How can you ensure your child […]
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Posted on: December 23, 2024
The Federal Health Insurance Portability and Accountability Act of 1996 (HIPAA) was enacted to provide guidelines to the healthcare industry for protecting patient information and preserving privacy. This is usually a nonissue for minors because parents, as legal guardians, generally have access to their children’s medical information, make most of their medical decisions, and pay […]
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Posted on: December 19, 2024
Being an adult comes with freedom and responsibility. You can now make important decisions independently without consulting your parents or guardians. While this may feel incredibly liberating, it is not without some scary moments. As an adult, you are in charge of yourself. If you cannot act on your own behalf, no one can automatically […]
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