Estate Planning Blog

Take time to consider the tax impact of your financial decisions and speak to a professional to make sure you don’t pay more than anticipated during your non-working years.

An estate plan with wealth preservation, long-term care and medical directives strategies provides clarity and guidance to loved ones on aging parents' wishes, while retaining control for aging parents over financial and health-related matters.

Capital gains taxes are the heart of the IRS Rule 2023-2 changes. Individuals pay taxes on the difference between an asset's purchase price and a higher sell price as that asset's value grows over time. When creating or updating an estate plan, you must consider the new IRS rule.

Thorough communication with heirs about values and various elements of your estate plan could help younger generations better manage their inherited wealth.

Inheriting a pre-tax IRA may be less beneficial than the parent intends.

But if you're new to Social Security, it's important to know what to expect. Here are a few aspects of the program you should be aware of.

In a season of economic unease, inflation, and changing state laws, strategies like trusts, trust protectors, and a clear purpose statement in your estate plan ensure that your assets and values transfer according to your wishes.

The terms ‘revocable trust’ and ‘living trust’ are commonly heard in an estate-planning context. You may hear people say, ‘My house is in trust for my children,’ or something along those lines.

Often clients are anxious to make annual gifts with the mistaken belief that their heirs will pay a tax at their death.

Wealthy taxpayers are hurrying to use the increased estate tax exemption amount before it potentially expires at the end of 2025.