The Practical Side of Legacy Planning
A great article from Time - worth the read...click to go to Time.com... WHY YOU NEED TO MAKE A 'WHEN I DIE' FILE BEFORE IT'S TOO LATE
The Latest Retirement Savings Statistics
It is all over the media that nearly half of Americans aged 55 and older have no retirement savings in an individual retirement account (IRA) or 401(k) according to the federal Government Accountability Office (GAO). Also, while two out of five households do have a defined benefit plan (traditional pension), a full 29 percent of [...]
Does Your Estate Plan Protect Your Beneficiaries?
If you think you only need to create discretionary lifetime trusts for young, troubled, or financially inexperienced beneficiaries, then think again. In this day and age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all of your beneficiaries, minors and adults alike. What Is a Discretionary Lifetime Trust? A [...]
Elder Law Attorneys: What Are They and How Can They Help Me?
An elder law attorney is an attorney who focuses not on a specific area of the law, but on the legal needs of elderly people, veterans, and adults with special needs. Elder law is an area of practice that has only been around for about twenty-five years and was born out of necessity. With life [...]
How to Protect Your Voting Rights With a Power of Attorney
Your right to vote is a fundamental lynchpin of what it means to be a citizen – yet you could lose your right if you become a ward in a guardianship. Having a strong power of attorney is essential to avoid that drastic, but a little-known, consequence. A power of attorney gives a trusted person [...]
5 Reasons Your LLC Needs an Operating Agreement
An Operating Agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC - after all - why make an agreement with yourself? Most states don’t require an LLC to have [...]
5 Things to Do to Get Ready for Tax Season
With the passage of the Tax Cuts and Jobs Act in December 2017 (effective January 1, 2018), the 2018 tax season is going to look a little different for many filers. In order to ensure you are not caught behind the eight ball, there are a few things you need to think about and do [...]
Do Your Parents Have an Estate Plan?
As the holidays approach and family gatherings abound, you may wish to set aside some time to discuss estate planning with your parents. If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have [...]
What Do the 2018 Midterm Elections Mean for Your Estate Plan?
Estate planning is meant to be an ongoing process, not a one-time transaction. In the same way that you never stop budgeting, saving, and investing as you go through life, it is also sensible to see estate planning as a lifelong project. Let’s look at some of the considerations you should make now that the [...]
Estate Planning After Divorce
The divorce process can be long and expensive. However, the work does not end once the divorce decree is signed. Visiting another lawyer's office may be the last thing you want to do, but we can help simplify the process for you. In order to ensure that your assets and estate planning wishes are carried [...]