“Life Changes” Mean “Estate Plan Changes”

Talk to any estate planning attorney you hear some tragic procrastination or penny-wise dollar foolish stories; deceased divorcees who forgot to change their insurance beneficiaries; expensive incapacity battles for control over an estate; probate battles for control of a “family” plot, etc. And of course, there are many renown deceased celebrities without an estate plan that lead to expensive court battles resulting in at least one thing in common, avoidable attorney’s fees. Many people who put together an estate plan usually do so when they start a family - assuming they put an estate plan together at all during their lifetime. While putting an estate plan together is a good thing to do, m

Now Is Great Time To Get Your Affairs In Order!

If you are like my family, the craziness has begun. The shopping, searching for the recipes, cleaning the house for the family members and guests, planning the activities, and the anticipation, excitement (and dread) of the families coming together for Thanksgiving holiday weekend. But despite the craziness of the occasion, it is a great time to have discussions about your estate planning desires, and decisions with your family and loved ones. The idea of getting your financial and legal house in order is likely the last thing on your mind during the busy holiday season. But, getting started is much easier than you think. In fact, the end of the year is a good time to reflect upon the year t

Your 6 Task Year-End Estate Planning To-Do List

Wow! Thanksgiving is next week! 2019 is just around the corner. I remember looking forward to ending 2017 and anticipating the arrival of 2018. Now I barely remember 2018! At least I am blessed to still be here doing what I love! Now on to why you decided to read this message. As we all prepare for the holidays and a new year, it is important we wrap up any loose strings. Before entering into the new year, here are some things that need to be on your end of year checklist: 1. Make Sure Your Estate Planning is Up To Date Will or Trusts Now that the federal estate tax exemption is fixed at $10 million per person adjusted for inflation ($11.18 million in 2018), it is important you review your


Strategic Planning Guidance in Light of the Midterm Results Estate planning is meant to be an ongoing process, not a one-time transaction. In the same way you never stop budgeting, saving, and investing as you go through life, it is also sensible to see estate planning as a lifelong project. Let us look at some of the considerations you should make now that the 2018 midterm elections are in the history books. Planning in a Fluctuating Political Climate Estate plans must change when you experience any major life changes, such as marrying someone new or welcoming a child to the family. But you also need to respond effectively to large-scale changes that are external to your personal lif

4 Things to Do for 2018 Tax Season

With the passage of the Tax Cuts and Jobs Act in December 2017 (effective January 1, 2018), the 2018 tax season is going to look a little different for many filers. In order to ensure you are not caught behind the eight ball, there are a few things you need to think about and do before you sit down to file your taxes. 1. Gather Your Necessary Documents In preparation of your return, it is wise to have supporting documentation for all items listed on your income tax return. These include your W-2s, 1099s, and receipts for any deductions. If you are a business owner looking to take advantage of the new Section 199A Deduction, it will be crucial you have the appropriate documentation from you

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