Posted on: August 29, 2024
You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability to handle the money responsibly, fear […]
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Posted on: August 26, 2024
Your family, the economy, the law, and society can change rapidly and unexpectedly, affecting your best-laid estate plans in unpredictable ways. You need a plan to keep up with the changes to achieve your estate planning goals. And few estate planning tools provide more flexibility than a general power of appointment. You cannot see into […]
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Posted on: August 22, 2024
For the last few weeks, we’ve discussed celebrities and how they planned for their deaths. We started with the King of Pop, Michael Jackson, so ending our 4-part series with the King of Rock, Elvis Presley, seems fitting. You may be wondering why I’ve chosen to talk about a man who’s been dead since 1977. […]
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Posted on: August 19, 2024
Estate planning is about protecting what is important to you. Although much of the traditional estate planning conversation focuses on surviving spouses, children, grandchildren, and charities, many pet parents wonder what could happen to their “furry children” after their death. Enter the pet trust. This tool can be easily incorporated into a new or existing […]
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Posted on: August 15, 2024
For the last two weeks, we’ve discussed celebrities and how they planned (or didn’t!) for their deaths. In this third installment of our four-part celebrity series, we discuss a topic that no one wants to consider as it may seem to be a fate worse than death: incapacity. Unlike death, not everyone will become incapacitated. […]
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Posted on: August 12, 2024
Not long ago, pet trusts were thought of as little more than eccentric things that famous people did for their pets when they had too much money. These days, pet trusts are considered much more mainstream. For example, in 2016, Minnesota became the fiftieth state to recognize pet trusts legally. But, unbeknownst to many pet […]
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Posted on: August 8, 2024
This week, we’re continuing to look at the lives of 4 celebrities and how they’re preparing for the inevitable (or didn’t!). Last week, we examined Michael Jackson’s planning and the holes in his plan that resulted in his family being embroiled in court and conflict for 15 years and counting (if you missed it, go […]
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Posted on: August 5, 2024
Welcome back, savvy small business owners! If you thought the first five small business tax moves that owners should make in Q3&4, which we covered last week, were exciting, buckle up because we will take your tax strategy to the next level. In Part 1, we explored supercharging your retirement accounts, making the most of […]
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Posted on: August 1, 2024
What is it about celebrities that always draws us in? For whatever reason, we just can’t resist a good, juicy celebrity story. Maybe it’s because we can relate in some way or feel like we can’t relate, which makes celebrities interesting. Their lives always seem attractive, but somehow… just out of reach. So, for the […]
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