The Deceased Spouse’s Unused Exemption Amount: A Spouse’s Final Gift Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election as part of the 2010 Taxpayer Relief, Unemployment Insurance Reauthorization, and Job Creation Act and making it permanent in the [...]
Have You Thought Through Your Retirement Plans? Crucial Factors To Consider When Planning Your Retirement Beginning your retirement is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able to focus your energy on the next phase of your life. However, before you [...]
Spring Break Checklist After a long, cold winter, many of us—from the young to the more mature—are ready to make plans for spring break. As your client’s trusted advisor, you can provide valuable reminders to clients who will travel to take advantage of warmer weather and those who will enjoy their spring break at [...]
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. [...]
