College students

College Funding 101

Planning for your children’s or grandchildren’s college expenses is simple in theory. In execution, though, the process is often complex and confusing. Allow one simple principle to guide your plans: the earlier you begin saving, the more your money can benefit from tax-advantaged growth potential. After determining expected college expenses, us...

Read More
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 ...

Read More

Family Gifts: What to Do & What Not to Do

Generosity can be a beautiful thing. There is nothing quite like working hard for a living and sharing what you have earned with your loved ones. Unfortunately, though, there are some limitations on that sense of generosity when it comes to taxes and other factors to take into consideration when it comes to estate planning. Noble motives do not ...

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 peo...

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 you...

Read More