As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including beneficiary designations. Beneficiary designations may control a large part of your... Read more »
Ordinarily, charitable deductions are only available as an itemized deduction. When you file your federal taxes, you have an option to take itemized deductions or the standard deduction. The standard deduction in 2020 is $12,400... Read more »
We have written on this subject before, but it seems critical at this time of year – when both holidays and bad weather are upon us – to raise again the issue of having proper... Read more »
Did you know, if your 18-year-old got into an accident, doctors would not be allowed to release your child’s medical information to you? Did you know that Living Trusts can keep your estate away from... Read more »
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. Not only has COVID-19 been challenging healthcare systems, but the social distancing required to combat the virus has also rocked financial markets.... Read more »
What is “probate” and when is it needed? There are various forms of “probate” but this article will be discussing what is commonly referred to as “death probate”, or the process of transferring assets from... Read more »
This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance Directive.... Read more »
Life insurance is included in the taxable estate typically. A trust is a great way to remove the value of life insurance from the taxable estate. But there are two potential traps in this. The... Read more »
Life insurance is included in the taxable estate typically. A trust is a great way to remove the value of life insurance from the estate. But, there are two potential traps in this. Read more »