Posted on: June 24, 2024
When your child turns 18, they’re legally considered an adult even though they have much more growing to do (though they may not think so!). Just like any other adult, their health and financial information is protected by privacy laws. But unlike any other adult, that’s still your child, and you want to support them […]
Read More
Posted on: May 16, 2024
More young adults live at home with their parents today than ever since the 1940s. While there are many different opinions about this trend and the cause of its recent prevalence, the primary motivation for young adults staying at home with their parents is usually related to finances. Most adult children still at home plan […]
Read More
Posted on: May 13, 2024
The Internal Revenue Code assesses a tax (gift or estate) on transferring money or property from one person to another during life or at death, with some exceptions. One example is the Self-Canceling Installment Note, which we will discuss in this post. If you own accounts or properties worth a lot of money and expect […]
Read More
Posted on: May 2, 2024
An intrafamily loan is a financial arrangement between family members—one who is lending and another who borrows. An intrafamily loan may be used to help a family member who needs money for several reasons: Lending to a child or grandchild can be satisfying. Your loved ones can benefit from flexible repayment terms and interest rates […]
Read More
Posted on: March 25, 2024
When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (also called a personal representative) of your estate. As the name implies, the role of the executor is to execute the instructions you provide in your will. You […]
Read More
Posted on: March 3, 2024
The United States hosts the highest number of immigrants globally, but increasingly, Americans say they are looking to relocate permanently to another country. Many wealthy Americans are also interested in buying real estate overseas and living there at least part-time. This trend raises the issue of estate planning for expatriates. While moving overseas is often […]
Read More
Posted on: February 19, 2024
February 19th is the day we celebrate several US presidents who made noteworthy contributions to our country. As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, politics is not the focus of this blog post. Instead, we aim to […]
Read More
Posted on: February 12, 2024
Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential to be caught unprepared in an emergency. So, how can you inspire action and motivate yourself and your loved ones to begin the process? Here are some strategies to help you […]
Read More
Posted on: February 8, 2024
When developing your estate plan, addressing every account or property you own is nearly impossible. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or group of […]
Read More
