The revocable living trust is one of the most versatile estate planning tools, and people are often very pleasantly surprised when they learn about the benefits. If you are married, the shared living trust can be the right choice, and we will provide the details here. No Loss of Control The first … [Read more...] about A Shared Living Trust Can Be Ideal for Some Couples
Building a Strong Foundation for Future Generations Through Legacy Planning
Legacy planning is more than a legal necessity; it's a way to preserve your values, your beliefs, and your family's financial well-being for generations to come. Unlike basic estate planning, legacy planning allows you to have control and provide a roadmap for the future. But what does legacy … [Read more...] about Building a Strong Foundation for Future Generations Through Legacy Planning
The Trust Advantage: A Comprehensive Approach to Estate Planning
When planning your estate, a fundamental decision is often the choice between a will and a trust. Both tools are designed to pass on your assets, but they function differently. In many circumstances, a trust offers numerous advantages over a will. Let's delve deeper into the benefits of trusts and … [Read more...] about The Trust Advantage: A Comprehensive Approach to Estate Planning
Medicaid Planning: Does Life Insurance Value Count?
We are going to look at the question of life insurance value and Medicaid eligibility parameters in this post. But before we drill down to that specific topic, we will take a broader look at Medicaid planning for senior citizens to provide context. Long-Term Care Costs The majority of seniors will … [Read more...] about Medicaid Planning: Does Life Insurance Value Count?
Do I Report an Inheritance to the IRS?
Uncle Sam always wants a slice of your pie, so you have to report income from all sources when you file your tax returns. This can lead to the belief that an inheritance would be taxable income. Do you really have to report an inheritance to the IRS? We will answer the question in this post, and … [Read more...] about Do I Report an Inheritance to the IRS?
Digital Estate Planning: Securing Your Online Legacy
As technology continues to play an integral role in our lives, it's becoming increasingly important to consider the management and protection of our digital assets even after we're gone. Digital estate planning is the process of organizing and specifying the handling of your digital presence, … [Read more...] about Digital Estate Planning: Securing Your Online Legacy
