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How to Organize Digital Assets

You must now make sure that your loved ones have access to your digital assets should you die.

Posted on: December 29, 2020

What Do I Need to Know about Gift-Giving with the Biden Administration?

Gifting sounds pretty simple, but there are many ways to do it, and several tax ramifications to be aware of as well.

Posted on: December 28, 2020

What Do I Need to Do to Calculate and Correct an Excess IRA Contribution?

IRAs are a great way to save for retirement, but what happens if you contribute to a Roth IRA and your income is too high? Or you contribute more than you're allowed to a Roth or traditional IRA?

Posted on: December 25, 2020

What are the Basic Estate Planning Documents?

In a nutshell, an estate plan encompasses the accumulation, conservation and distribution of an estate. Done well, it will enhance and maintain the financial security of the next generation.

Posted on: December 24, 2020

What Is an Ethical Will?

My colleague’s father recently got infected with the coronavirus and had to be rushed to the hospital. The move was abrupt and hectic, and left no time for any deep conversation with his wife and family as he was being taken out to the ambulance.

Posted on: December 23, 2020

Should a GRAT Be Part of My Estate Plan?

Low interest rates and looming potential tax changes make this a good time for high-net-worth clients to use a special tool to transfer wealth: the grantor-retained annuity trust (GRAT), a strategy to reduce future estate taxes, by transferring assets to beneficiaries without using the lifetime gift tax exclusion.

Posted on: December 22, 2020

What Should I Know about a Living Trust?

A living trust is an estate planning legal document that contains your instructions and authorization for what you want to happen to your assets, when you become disabled or pass away.

Posted on: December 21, 2020

Should a Husband and Wife have Separate Trusts?

In situations where both spouses want the surviving spouse to inherit all the assets, which is often the case, a joint trust can be far less complicated to set up and maintain than separate trusts, with less headaches for the surviving spouse.

Posted on: December 18, 2020