What You Need To Know About Beneficiary-Controlled Trust The Pros & Cons Of Creating A Beneficiary-Controlled Trust Would you like to provide your children or loved ones with an inheritance but protect them from the risks that may accompany a large windfall? If so, you can create a beneficiary-controlled trust in which the person [...]
Help Clients Plan For A Great Spring Retirement Planning Update Although we are still in the midst of winter, spring is on its way. As you remind clients about April deadlines for retirement contributions and required minimum distributions (RMDs) and meet with them to discuss their retirement planning, keep the following recent developments in [...]
Pros & Cons Of A Family Limited Partnership Is A Family Limited Partnership A Good Solution For You? Owning your own business or investment portfolio can be incredibly rewarding. However, to preserve the fruits of your labor and dedication, you must do everything you can to protect it. Whether you seek to protect yourself, your [...]
What Jerry Lee Lewis's Estate Plan Could Look Like Analyzing Estate Planning Scenarios In Relation To The Lewis' Estate Jerry Lee Lewis passed away in October 2022, leaving behind a long legacy, a large family, and a multimillion-dollar estate. Celebrities can give us a glimpse into lifestyles beyond our wildest dreams. But celebrities face many [...]
Why You May Still Have To Open A Legal Probate Proceeding Under What Circumstances Are Probate Proceedings Necessary? Probate is the legal process for recognizing the validity of a person’s will after their death and appointing the nominated decision maker. This person, also known as an executor or personal representative, administers the deceased person’s estate [...]
Want To Leave Your Retirement Account To Your Minor Child? Consider These Things First What Are Your Options For Naming Your Children As Beneficiaries Of Your Retirement Account? Your retirement account may be one of the most valuable things you own. Many people consider naming their children as the beneficiaries of these accounts because they [...]
Estate Planning Issues For The Modern Family How Estate Planning Is A Great Way To Ensure Your Loved Ones As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of the series, the show addresses many issues that families deal with each day. [...]
Estate Planning For World Travelers: Frequently Asked Questions Question #1: International travel is no different than domestic travel (True or False?) False. Although all travel requires planning and can involve risk and complications, international travel requires taking extra steps and addressing additional considerations. First, you will need a passport before your travels. If you already [...]
Help Your Clients Keep Their New Year’s Resolutions A new year is a great time to start fresh and implement positive changes that will enhance our lives. Many of your clients will make New Year’s resolutions, and at least some resolutions will likely relate to improving their financial situation. As their trusted advisor, you can [...]
Are Your Clients Ready For 2023? Set Them Up For Success Advantageous Gift Ideas For Your Clients Many Americans associate December with holiday gift-giving, so it is a great time for you to remind your clients of a valuable planning opportunity: year-end gifts. In making lifetime gifts, your clients will experience the pleasure of immediately [...]
