How an Estate Planning Letter of Intent Can Help Your Family

Estate planning is an important task that everyone should undertake as it helps to protect your family and loved one’s financial future. But estate planning can do much more than focus on finances, it can also provide for care of those you leave behind. One aspect of estate planning that is often overlooked but can be quite useful is the letter of intent. This document…

Legal Considerations When Getting Your College Student Ready

If you are preparing to send your son or daughter off to college to pursue higher education, you may be wondering how their first semester of school will go. During this exciting new chapter in your family’s life, the last thing you may be thinking about is estate planning for your college-aged child. While your child may not have any assets (yet), once he or…

Taking Full Advantage of the 2017 Tax Cuts and Jobs Act

Key Points to Discuss With Your Clients Like all things, tax laws are constantly changing. An important part of serving your clients is responding quickly and strategically to new developments in the tax law landscape. But at the same time, a knee-jerk reaction is rarely the best course of action—often resulting in unforeseen complications in the future. The best decisions are made by professional teams…

Which Asset Protection Strategies Are Right for Your Clients?

How You Can Keep Legal Claims From Threatening Their Property? Most of us do not expect to be sued. However, lawsuits are filed every day the courthouses are open. If your clients’ estate plans don’t include adequate asset protection, they could end up losing a substantial amount of their wealth in the event of a claim – even a “frivolous” one. It’s well worth talking…

Protecting Your Children’s Inheritance When You are Divorced

Consider this story. Beth’s divorce from her husband was recently finalized. Her most valuable assets are her retirement plan at work and her life insurance policy. She updated the beneficiary designations on both to be her two minor children. She did not want her ex-husband to receive the money. Beth passes away one year after her divorce. Her children are still minors, so the retirement…

3 Things You Must Do Once Your Divorce Is Final

The divorce process can be long and expensive. However, the work does not end once the divorce decree is signed. In order to ensure that your assets and estate planning wishes are carried out in light of this major life change, there are three things you must do as soon as possible. Change Beneficiary Designation On Life Insurance A life insurance policy is a contract…

Solve the Troubled Adult Child Beneficiary Dilemma in Three Easy Steps

How to Plan a Successful Financial Future for Every Family Many clients with concerns about a struggling adult child are apprehensive about discussing such a sensitive topic. But broaching this subject can lead to a number of benefits for all parties involved — for the family, for the adult child, and for you as their professional advisors. Working with us rounds out the team of…

Does Your Family Know About Your Estate Plan?

A Guide for How Much to Share and With Whom It’s the thick of tax season and you’ve probably been working on (or recently finished) your income tax returns. Most of us don’t feel comfortable sharing the details of our tax returns, unless we have to – for example when applying for a mortgage. But your estate plan, an important part of having your affairs…

Planning Your Summer Vacation? 5 Things to Consider Now

Hopefully with the last of the season’s Nor’easters behind us, winter will soon start to thaw and flowers will begin to bud. This can only mean one thing: summer vacation planning season is here. As vacation planning kicks into high gear, here are a few important things to add to your vacation readiness checklist. Guardian nomination – if you have minor children If it’s just…

How Remodeling a Client’s Trust Can Retain Assets Under Management while Saving Clients Money

It’s a common misconception that clients can take a “set-it-and-leave-it” approach to trusts. Just as homes or office buildings must be remodeled or updated from time to time, a trust-centered estate plan can often benefit from a remodel or refresh. Although the principle of trust-centered estate planning has stood the test of time, there are many reasons that may necessitate a remodel for an old…

Menu Title