Category: Estate Planning

Blended family

Estate Planning Tips for Blended Families

Today’s modern family often looks a little different than it once did. While the nuclear family once meant two parents and their children, things are more blended these days. As people get married, divorced, and remarried, they often wonder about their estate planning duties and how to update their plans as their lives change. Any time a parent passes away or becomes incapacitated, there is pot...

Read More
Joe Biden

How President Biden’s Proposed Tax Plan Could Impact Your Estate

This spring, President Joe Biden outlined a new infrastructure plan and American Families Plan to the tune of $4 trillion. In keeping with campaign promises, he plans to pay for these plans by raising taxes on corporations and Americans with a high net worth. In a break with his initial campaign promises, though, President Biden is no longer proposing an expansion of the estate tax. Despite thi...

Read More
money and documents

When Should You Start Building a Family Trust?

A family trust is a valuable tool to ensure that your beneficiaries receive their inheritance soon after your passing and under the specific stipulations that you set. However, there is a common misconception that trusts are limited to the ultra-wealthy, or even just the moderately wealthy, and this is simply not true. The truth is that many people are perfectly qualified and would benefit from...

Read More
joe biden

Estate Planning During the Biden Era

New presidents often mark the beginning of a new era of tax laws. For President Biden, the estate tax is a very likely target for change. The impact of potential changes reaches far beyond the estate tax, though. With Democratic majorities in both the House and Senate, change in tax law is almost guaranteed, which may mean you need to update your estate plan to help protect your assets even mor...

Read More
person in a hospital bed

Modifying Estate Plans After a Serious Illness

When faced with a serious illness, there are many things that feel out of your control. The sense of fear and helplessness can seem overwhelming. Believe it or not, there are steps you can take to regain a sense of control. By creating a lasting legacy for yourself, you can ensure the easiest possible future for your loved ones, and the security of remaining in control of many aspects of your o...

Read More

Estate Planning For 80-Somethings

Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing). When you are in your twenties and working your first job, you might worry only about which beneficiaries to list on your first retirement account. By your thirties and forties, you are focused on accumulating assets and protecting your family. By the time you reach your eighties (or older),...

Read More