People who care for both their children and aging parents simultaneously are referred to as part of the sandwich generation. Although generation is part of the phrase, it does not refer to people born at a specific time. Typically, these…
The best way to leave property to your children is to divide everything into equal shares. That is the straightforward choice when all your children are doing equally well. But if not – if, for example, your son is a…
To ensure your survivors have easy access to your estate planning documents such as your will, living wills, powers of attorney, trusts, medical directives, and financial information, it is imperative that you store them securely. Additionally, you need to securely…
Prepare and organize your financial information for when you no longer can, so that your loved ones don’t have to worry about your affairs later. It will ensure proper management of your financial situation and afford control over your end…
Inheritance distributions in blended families can be inequitable resulting in hurt feelings and possibly lengthy court battles. While you cannot legislate from the grave, you can carefully prepare your estate plan, distinctly accounting for biological and stepchildren to minimize the…
Entrepreneurs have several important characteristics in common such as motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. These individuals create new businesses bearing most of the risks and reaping most of the rewards if…
Probate can be avoided if you have the right strategy in place, saving you money in taxes, avoiding public proceedings, and the requirement for court approval. It can save you time, frustration, and in many cases, significant attorney and court…
During your lifetime, you spend the first part trying to attain financial security and the second part working to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan,…
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step towards passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net worth…
To protect our loved ones and our assets, estate planning is important to any individual regardless of orientation. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your…
