Most of us know what a service animal is, but the use of emotional support animals is becoming more and more common. So, what is an emotional support animal?
While this time of year can be extremely busy, carve out some time to make sure your affairs are in order. Review the following checklist and make note of the items you need to address. Checklist:
If you and your spouse die or become incapacitated in a tragic accident and you have minor children, law enforcement will have to find a place for your children to reside immediately.
This holiday season you may benefit from large gifts or an inheritance from relatives who are citizens of another country. First, the good news - the United States government does not impose a tax liability on the recipient of gifts or inheritances regardless of the donor’s immigration status.
Many of the 50-year-old and older workers are raising children and helping aging parents, and it is putting a strain on budgets. There are over 3 million seniors or near-seniors looking for full-time employment and millions more looking for part-time work.
Writing a check and slipping it into your grandchildren’s stocking may have more consequences than you realize. Gifting assets is not simple and straightforward.
Start planning sooner rather than later when it comes to family business succession planning. It often takes years to complete the process as the transition may need to occur in phases.
Like all the other parts of the body, the brain also deteriorates and changes through the normal aging process. The brain manages memory and thinking and regulates all mental processes.
You may spend a tremendous amount of time, money and energy deciding how to distribute your assets to your loved ones after your death. It may be necessary to spend even more time and attention on having conversations while you are still alive that will prevent discord later.
With the probability of tax hikes in all categories in the near future, many clients voice concerns over planning strategies in this type of rising tax environment. Specifically, they ask, “What are some sound strategies for a rising tax environment that can be implemented before the end of 2021 to minimize tax liability and sure up long-term financial wellness?”
