During disability planning, you execute a durable financial power of attorney and name an agent you trust to act on your behalf. This person can make financial and legal decisions and carry out your affairs if you are not able to do so yourself due to incapacity.
Whether it is the beach or the mountains or on a beautiful lake, many families enjoy time spent together at a vacation home. Before you rush out to purchase this memory-maker, take time to consider some of the following.
Most people contemplating their estate plans have specific family members in mind that they seek to provide assets as well as peace of mind. Not everyone has a spouse, children or even close relatives.
Many of those already in retirement or facing retirement soon experience varying levels of anxiety regarding the future of our nation, the economy, healthcare and more. What are the experts saying we can expect in 2023?
If your loved one passed away from Covid-19 after January 20, 2020 you may be entitled to reimbursement of up to $9000 for the funeral and burial expenses incurred. The Federal Emergency Management Agency (FEMA) has allocated funds to assist families struggling to pay for the costs.
Portability is often used by high-net worth families to reduce or eliminate federal estate taxes when the second spouse dies. When a spouse passes away, the surviving spouse can utilize the unlimited marital deduction and inherit the dying spouse’s assets without incurring any federal estate tax liability.
The word “recession” is ringing in the ears of many business owners which has them contemplating the continuity of their businesses. Coming out of the pandemic, enduring supply chain issues and transportation obstacles, now is the time to ensure your business can proceed and thrive even in difficult times.
Any senior facing the need to relocate to a new home faces many stressors. A senior experiencing cognitive impairment like those suffering from dementia-related illnesses, may feel even more overwhelmed and out of sorts.
Many people fail to include charitable giving in their estate plans. It may be due to not fully understanding their net worth or not knowing their legacy goals.
