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What are Top ‘To-Dos’ in Estate Planning?

The biggest misconception people have about estate planning is that “they are not that old and can do it later,” say almost half (49%) of advisors in a recent Key Private Bank Advisor Poll on estate planning. Yet, the majority (73%) of advisors say the ideal age to start putting an estate plan in place is before 40—earlier than many people think.

Posted on: June 24, 2021

Do Unrecorded Deeds Help or Hurt Estate Planning?

While discussing estate planning with my parents, they told me that an attorney prepared a deed for them but told them not to record it yet.

Posted on: June 23, 2021

Are 529 Plans Part of Your Estate?

People tend to think of ‘529’ education-savings plans as an excellent way to save and invest tax-free for college or schooling costs, and they are.

Posted on: June 22, 2021

Do You have to Go through Probate when Someone Dies?

At some point in your life, you may find yourself an administrator, a beneficiary or a creditor of a probate estate. You may even want this information for planning your own estate.

Posted on: June 21, 2021

Will Inheritance and Gift Taxes Change in 2021?

Facing down an uncertain election outcome and the possibility of tax reform in 2021, many families started transferring substantial amounts of wealth last year, making large gifts to take advantage of the historically high gift and generation-skipping transfer tax exemptions.

Posted on: June 18, 2021

A Trust can Protect Inheritance from Relatives

You may love your son-in-law or daughter-in-law now, but that could change down the road. So, if you don’t want your money going to your child’s future ex, here’s what you should do.

Posted on: June 17, 2021

Should You Get Medical Power of Attorney?

Ensuring that your wishes on your medical care are followed is up to you. Take action now while you’re well, or you could lose a say in the matter during a crucial time later.

Posted on: June 16, 2021

What Does Tax Proposal Mean for Estate Planning?

Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis.

Posted on: June 15, 2021