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 [...]
IRS Extends Late Portability Election The IRS recently issued a new procedure (Revenue Procedure 2022-32) that extends the time an estate has to elect portability to five years after the decedent’s date of death. Since portability is probably not top of mind for you or your clients, let us take a minute to review what [...]
Does The Guardian For My Child Have To Be A United States Citizen? Is Your Non-U.S. Acquaintance A Good Candidate To Be Your Child's Guardian? One of the more uncomfortable aspects of estate planning is deciding what will happen to your child if both you and the child’s other legal parent were to die unexpectedly. [...]
Things You Can Do To Help Prove You Are Mentally Competent When Executing Your Estate Plan How To Prove You Had The Capacity To Create Your Estate Plan Although we would all like to believe that our family and loved ones will honor our wishes as expressed in our estate plan, contests are more common [...]
Important Milestones You Can Incorporate In Your Estate Plan Modifying Your Estate Plan After Your Death Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan needs to be flexible. [...]
Red Flags When Hiring A Professional To Be Your Trustee How To Know If A Professional Trustee Is Reliable When you form a trust as part of your estate plan, one of the most important decisions you will make is who will oversee the trust’s management when you are no longer able to manage it [...]
Don't Let Your Cryptocurrency Give You & Your Loved Ones Nightmares Why You Need A Plan If You Own Cryptocurrencies Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little [...]
The Death of Anne Heche: Lessons For Estate Planning How Not Having a Will Can Put Family Members In a Difficult Position Anne Heche’s recent accidental death was a shocking reminder of how every day can quickly turn into a tragedy. While driving through the Mar Vista neighborhood of Los Angeles on August 5, 2022, [...]
