Far too many people think that it is easy to execute a legally binding document using tools that you can get online. In fairness, a layperson can create a document that would stand up in court using DIY tools, but the this may not be a good thing. Power of Attorney Dispute Sometimes you come … [Read more...] about Self- Service Estate Planning Can Yield Negative Outcomes
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How Can You Limit Your Estate Tax Exposure?
Estate planning for high-net-worth individuals will involve wealth preservation. The federal estate tax carries a 40 percent maximum rate, so it can consume a significant portion of your legacy. There are steps that can be taken to reduce your exposure if the tax will be a factor for your family. … [Read more...] about How Can You Limit Your Estate Tax Exposure?
Simple Will as an Asset Transfer Vehicle: Is It Right?
We often clear up misconceptions that people have about the different estate planning asset transfer vehicles. One of them is the idea that a last will is the only logical choice for people that are not extremely wealthy. In reality, this is not the case at all. It can seem like a last will is a … [Read more...] about Simple Will as an Asset Transfer Vehicle: Is It Right?
Hilton Head In-Home Care Costs Skyrocketed in 2021
You should be aware of the potential long-term care costs that you may incur late in your life, because they can have a significant impact on your legacy. About 70 percent of elders will need help with their activities of daily living, and most seniors will require professional … [Read more...] about Hilton Head In-Home Care Costs Skyrocketed in 2021
Assert Your Choices to Prevent a Guardianship
You may think about estate planning as the act of creating a document that will direct the transfer of your assets after you are gone. This is definitely a significant part of the equation, but a well-constructed plan will go a step further. It will also address eventualities that you may face … [Read more...] about Assert Your Choices to Prevent a Guardianship
Medicaid Planning in South Carolina: Things You Need to Know
Medicaid should be on your radar even if you are going to qualify for Medicare when you reach the age of 65. Why is this the case? Medicaid may be important because Medicare does not pay for living assistance, and most people will need help with their activities of daily living … [Read more...] about Medicaid Planning in South Carolina: Things You Need to Know
