Estate planning for millennials looks different than planning for the previous generations. Estate planning is no longer just for the wealthy or nearing retirement. Millennials and Gen Z are recognizing the importance of safeguarding their assets and loved ones early on. This blog post dives into the growing trend of young adults taking charge [...]
Trustees vs. executors in estate planning can be a confusing line to define if you're unfamiliar with these roles in estate planning. Estate planning can be a complex web of terms, and two that often cause confusion are trustees and executors. Both play vital roles, but understanding their distinct duties is crucial for crafting [...]
Love is love, but estate planning for the LGBTQ+ community can be more complex than it should be. While significant strides have been made towards equality, there are still legal nuances to consider to ensure your wishes are respected and your loved ones are protected. This blog post will explore some key elements of [...]
Estate planning isn't just about who gets your stuff – it's about making the transition as smooth and stress-free as possible for your loved ones. One of the biggest hurdles they might face? Probate. Probate: A Time-Consuming and Costly Ordeal Probate is the court process that oversees the distribution of your assets after you [...]
The TCJA and Estate Taxes could be up in the air depending on the presidential election outcome. With the 2024 election looming, uncertainty hangs over the fate of the Tax Cuts and Jobs Act (TCJA) of 2017. This landmark legislation included a significant increase in the estate tax exemption, allowing individuals to transfer much [...]
Overtime pay rules have gotten some updates. If you’re a salaried worker in the United States, there’s some important news you should know about the changes to overtime pay rules and eligibility. The US Department of Labor recently announced a final rule that will make millions more workers eligible for overtime pay. Here’s what [...]
Irrevocable Grantor Trusts (IGTs) have been a popular tool for estate planning. They help you reduce estate taxes, avoid probate, and distribute assets according to your wishes. But a new IRS ruling (Revenue Ruling 2023-2) throws a wrench into things. Let's break down what this means for you. What are Irrevocable Grantor Trusts (IGTs)? [...]
Reasons to start estate planning this Spring are all about getting a fresh start! Spring has sprung! The birds are chirping, flowers are blooming, and there's a fresh sense of renewal in the air. It's the perfect time to tackle that spring cleaning list, but what if we told you there's an even more [...]
Wills and trusts may seem like just documents to some, but they are the foundation of protecting your legacy. Estate planning can feel overwhelming, especially when terms like "wills" and "trusts" get thrown around. You know you want to ensure your loved ones are taken care of after you're gone, but navigating these legal [...]
A Spousal Lifetime Access Trust (SLAT) may be a tool that you need in your estate planning to stay ahead of taxes. In the world of estate planning, the landscape is ever-changing, with tax laws and regulations in constant flux. Recent proposals to alter federal estate and gift tax exemptions serve as a stark [...]
