Posted on: December 2, 2024
In an estate plan, life insurance can be used as a source of immediate liquidity for beneficiaries by offering a tax-free, lump-sum payment upon the insured’s death. For many, relying on life insurance is essential to ensure financial security for their loved ones. About half of Americans have a life insurance policy. People purchase life […]
Read More
Posted on: November 28, 2024
According to a Centers for Disease Control and Prevention survey, there were more than 670,000 divorces[1] and more than 2 million marriages in 2022. Divorce is an ordinary life event that many Americans face during their lifetime. Some states have laws that automatically end an ex-spouse’s appointment as a decision-maker in their spouse’s estate plan […]
Read More
Posted on: November 25, 2024
A special needs trust (SNT) allows an individual to provide for a disabled beneficiary without jeopardizing the beneficiary’s eligibility for needs-based government benefits. Enriching life with an SNT can offer peace of mind and financial security. SNT funds can generally be used to pay for almost anything outside the essential support programs such as Supplemental […]
Read More
Posted on: November 21, 2024
The results from the 2024 election are in. Although we still have weeks before the 119th Congress takes office and the new president is inaugurated, there is some clarity about an election that has been called the most important in our lifetime and even in US history. Each election brings about the possibility of change. […]
Read More
Posted on: November 18, 2024
In many parts of the United States, football is more than a sport—it is a way of life and a passion we often share across generations. Transferring your season tickets has become a common practice to ensure that this tradition continues seamlessly. While a fan might pass down their love for an NFL or college […]
Read More
Posted on: November 14, 2024
Proactive Medicaid planning is essential if you foresee a need for long-term care, anticipate future healthcare costs that could exceed your ability to pay for them, or have assets that could be subject to Medicaid estate recovery. To qualify for Medicaid and protect your assets and estate, you should implement planning strategies as early as […]
Read More
Posted on: November 11, 2024
You regularly check the balances of your retirement, bank, and investment accounts. But when did you last check the beneficiary designations on these accounts (and, really, all the other accounts that allow you to name a beneficiary)? It may have been years since you opened an individual retirement account, bought a life insurance policy, or […]
Read More
Posted on: November 7, 2024
One common way to avoid the probate requirement for real estate after the owner dies is to add children or other individuals to the property title as joint owners with rights of survivorship. When joint owners have survivorship rights, and one joint owner passes away, the remaining owners automatically receive the entire interest of the […]
Read More
Posted on: November 4, 2024
Stereotypes surrounding “only child syndrome” have largely been debunked, as recent studies show that only children, on average, develop social skills similar to those of children with siblings.[1] Further, outdated perceptions surrounding only children have shifted as the average size of the American family has shrunk, and one-child families have become far more common. This […]
Read More
