Recent Blog Posts
Does a Revocable Living Trust Transfer from One State to Another?
If you previously worked with an estate planning lawyer to create a revocable living trust, make sure you stay on top of any edits to your plan that may be required when you move. Your trusts should primarily remain valid if you decide to relocate to another state. However, it is important to be… Read More »
What If I Want to Terminate a Previously Executed Power of Attorney?
A power of attorney is a document that is used to name someone else, known as an agent, to act on your behalf if you are unable to do so. In some cases, your power of attorney agent may never be activated, especially if you set it up so that only springing events like… Read More »
Inheriting Money? It’s Time To Talk To an Estate Planner Yourself
A recent study conducted by Free Will found that many heirs who are set to receive inheritances in the short term future would be more likely to work with a financial advisor after they inherit. Working with a financial advisor and identifying other professionals to help you with your planning process is extremely important… Read More »
Why You Need to Know About a Step Up in Basis for Estate Planning Purposes?
If you are considering the process of starting your estate planning or you are someone who will be inheriting assets in the future, you need to recognize how step up in basis could influence the value of those assets and your tax obligations. A step up in basis refers to federal tax laws that… Read More »
Grantor Trusts 101
There are many different terms used in the context of estate planning and especially in the construction of trusts. When you hear the term grantor trust, you may be curious about whether or not this fits in with your estate plan and what it means. A grantor trust states that the settler or the… Read More »
Americans Hopeful For More Long Term Care Information And Support
A recent study completed by Nexus Insights shows that many older Americans have increasing questions about long term care and the best way to support themselves in the future. If you wind up with an illness or injury, your only option to treat it might be entering a nursing home or other long term… Read More »
Leveraging Strategy for Big Wealth Transfers
More than $68 trillion will flow from baby boomers to their adult children or grandchildren. In an upcoming generational wealth transfer, this can often raise many important questions about what to do with your assets and how to effectively plan ahead. Choosing the right strategy to empower your loved ones while limiting possible tax… Read More »
Study Shows Americans Are Adapting Financial Plans for 2023
A recent study from Fidelity found that many Americans are feeling uncertain and concerned about a potential coming recession or other shifts in the economy. The 2023 New Year’s Financial Resolution Study finds that Americans are mostly focused on financial resolutions due to shifting economic issues and inflation. In fact, 1/3 of survey respondents… Read More »
What Do You Know About Long-Term Care?
Lincoln Financial Group recently completed a study showing that only 16% of adults are familiar with the benefits and features of long-term care solutions. Long-term care refers to needs typically handled inside a nursing home or other health care facility for someone who is unable to complete activities of daily living. Long-term care solutions,… Read More »