2020 has been quite a year. From the pandemic, politics, and economy, there have been a lot of changes this year. Now that the year is coming to an end, here are some estate planning tips to make the most of the time we have left in what has been a chaotic year. Gifting [...]
Although many people equate an “estate plan” with having a will, there are many advantages to having a trust-based estate plan. While there are other estate planning tools (such as joint tenancy and transfer on death accounts, to name a few) only a trust provides comprehensive management of your property in the event you [...]
What Would Happen If Something Happens to You? When was the last time you thought about how to preserve your legacy or estate plan? When was the last time you asked yourself – “what would happen if I die or become incapacitated”? Have you asked yourself – “will my children be protected or will [...]
KEY DIFFERENCES BETWEEN WILLS VS. TRUSTS Everyone has heard of wills and trusts. Most articles are written on these topics, however, presume that everyone understands the differences between these options. In reality, many of us don’t – and with good reason – wills and trusts are rooted in complicated, centuries-old laws. Will. A will [...]
It’s a very busy and distracting time of the year with the fast-approaching holidays and, of course, the election that’s just around the corner. This time of year is always a great time to review any current estate plans you already have in place and with the upcoming election there could be some other [...]
Our clients often ask us where to keep their important documents, such as estate planning documents (wills, trusts, and powers of appointment), insurance policies, contracts, and other important financial documents. The answer to this question often depends on how quickly you need to gain access to such documents. For instance, without the requisite power [...]
If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they must provide to you, and what [...]
