Posted on: December 6, 2022
In early 2022, Bloomberg News reported that Americans can expect to inherit $72.6 trillion over the next quarter century—more than twice as much as a decade ago. With so much potential generational wealth on the line, there is always a risk that it will become the subject of a dispute.
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Posted on: December 5, 2022
As the American population of seniors continues to expand, the need for intentional estate planning becomes more urgent, especially for the children of aging parents.
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Posted on: December 2, 2022
You can set up a 529 savings plan account for any beneficiary. You can also set up accounts for as many beneficiaries as you want.
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Posted on: November 10, 2022
a quick & simple reference guide: wills vs. trusts Confused about the differences between wills vs trusts? If so, you are not alone. While it is always wise to contact experts like us, it is also essential to understand the basics. Here is a quick and simple reference guide: What a Revocable Living Trust Can […]
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Posted on: November 8, 2022
Batman: The Masked Philanthropist Among the superheroes, Batman is unique because he has no superpowers. He does not have genetic mutations, X-ray vision, overpowering physical strength, flying ability, genius-level intellect, or other god-like powers. Although he is trained in martial arts and possesses a range of high-tech gadgetry that allows him to fight crime, Batman […]
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Posted on: November 2, 2022
Intentionally Defective Grantor Trusts in Estate Planning Learning that your estate plan contains a defect might not seem like good news. But despite the moniker, an intentionally defective grantor trust (IDGT) can be a valuable tool for minimizing estate taxes and maximizing the money and property passed on to a spouse, descendants, or other beneficiaries. […]
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Posted on: October 27, 2022
Dynasty trusts: you don't have to be rich, just farsighted When people create estate plans, they typically focus on handing down their money and property to their children, grandchildren, and other living heirs. But some people want to leave behind a more enduring legacy. A dynasty trust could be the answer for those interested in […]
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Posted on: October 24, 2022
It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
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Posted on: October 13, 2022
Your Divorce Decree: The First Step in Estate Planning You have recently divorced your spouse, and the judge has signed the divorce decree. Now what? Although you may feel you have spent enough time and money on lawyers, there is one last attorney you need to talk to: an estate planning attorney. If you and […]
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