Chadwick Boseman played many heroic American roles and the superhero role of the Black Panther. His death at age 43 demonstrated how it’s important to have at least a basic estate plan in place even if you’re young. Read on to learn more. [Read More]
Generational Wealth is Key to Leveling the Playing Field
Generational wealth is wealth earned by one generation and passed on to the next. Generational wealth is key to allowing the next generation to be free from the burden of having to live hand-to-mouth and allows them to pursue an education and build a career or business to build a better life for themselves. Read on to learn more. [Read More]
What Is a HIPAA Protection?
There are a number of different things to think about when you are planning your estate. Yes, you have to arrange for the passing of your legacy, and there are a number of ways to go about it. The best choice will depend upon the circumstances, and this is why you should discuss your options … [Read More]
Can I Work and Collect Social Security?
You should fully understand the Social Security parameters when you are looking ahead toward your retirement years, because you will have decisions to make. We were going to provide some important details in this post, but first, we will take a quick look at the way that you qualify. When you work and pay those … [Read More]
Estate Planning: Where Do You Begin?
The majority of people do not have estate plans in place, but a survey that was conducted by Caring.com found that most of the same folks know that estate planning is important. Why do they fail to take action? There are various reasons including the simple fact that many of them don’t know where to … [Read More]
Step-Up in Basis May Be Eliminated
The step-up in basis is related to the capital gains tax, and we will look at this tax and a potential change to it in this post. But before we do, we will provide a quick overview of the way taxes can impact postmortem asset transfers. State and Federal Income Taxes Since the tax man … [Read More]
Fend Off These Threats to Your Legacy
When you plan your estate, you should certainly be aware of the looming threats that can reduce the inheritances that you will be able to leave to your children. With this in mind, we will look at some of the sources of estate erosion in this post. Elder Financial Abuse As reprehensible as it is, … [Read More]
Living Trusts Provide Multiple Benefits
A lot of people think that trusts are only used by very wealthy families with estate tax concerns. In reality, this is not the case when it comes to the revocable living trust, and we will look at the benefits here. No Loss of Control The first thing that we want to establish is the … [Read More]
Use the Exclusion or Lose It
Currently, each person can give $11.58 million during life or at death. However, that amount will be cut in half by January 1, 2026. It may go down even sooner. Read on to learn why and how you should use it before you lose it. [Read More]
Will Your Estate Plan Still Work If You Move?
Before the pandemic, Americans were more mobile than ever. When you move, you have to change your address, your voter registration, and all sorts of other things. But, do you need to revise your estate planning documents? Like with many things in law, it depends on your situation. Read on to learn more. [Read More]
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