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What Is Purpose of an Irrevocable Life Insurance Trust?

Death and taxes may be certainties of life, but how much tax your family pays upon your death is still within your control to a certain degree.

Posted on: December 1, 2020

The Importance of a Will

There’s much to plan for in life—college, your wedding, your first child, life insurance—and with more than enough to keep you busy, it’s easy to forget about your will.

Posted on: November 30, 2020

Stretch Out IRA Distributions, Even Without ‘Stretch’ IRA

The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.

Posted on: November 27, 2020

How Do Joint Accounts and Beneficiary Designations Work in Estate Planning?

Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.

Posted on: November 26, 2020

What Key Estate Planning Terms Should I Know?

Estate planning is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.

Posted on: November 25, 2020

Make Sure Your Estate Plan Protects Digital Assets

Do you have accounts, records or information that are accessed using your mobile phone, through an internet connection, or by using a keyboard or through a touch-screen or tablet?

Posted on: November 24, 2020

The Biggest Mistake in Trusts: Funding

Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.

Posted on: November 23, 2020

What Do I Need to Do after the Death of My Spouse?

The death of your spouse is a period of unimaginable grief. Unfortunately, there are many legal and financial obligations that will not wait.

Posted on: November 20, 2020

Do I Need to Name a Guardian for My Children in the Will?

Why naming a guardian for your child is important.

Posted on: November 19, 2020

Special Needs Plans Need Regular Reviews to Protect Loved Ones

Estate planning generally focuses primarily on lifetime protection and post-death distribution of assets. Special needs planning focuses primarily on the individual beneficiary’s lifestyle and care needs.

Posted on: November 18, 2020