There are many different ways to facilitate asset transfers, and this is one of the reasons why you should work with an attorney to develop your plan. Each situation is different, and there is no one-size-fits-all solution, so you should take an … [Read more...] about What Is a Life Estate?
Estate Planning
Getting Remarried? You Can Preserve Your Legacy for Your Children
There are many different family scenarios that can call for the utilization of specific estate planning tools. You should always assume that you can find a solution if you work with an attorney to develop a custom crafted plan that is adapted to suit … [Read more...] about Getting Remarried? You Can Preserve Your Legacy for Your Children
How to Dispose of “Stuff”
Clients are often most concerned about how to dispose of their tangible personal property, i.e., their “stuff.” Often even wealthy clients are most concerned with the things around them rather than their financial accounts. What’s the best way to … [Read more...] about How to Dispose of “Stuff”
What Is a QDOT and Why Would You Need One?
People in the legal field use acronyms to describe devices with long names, and one of them is the QDOT. This is a type of trust that can be useful for high net worth individuals that are married to citizens of a country outside of the United … [Read more...] about What Is a QDOT and Why Would You Need One?
Protect Your Privacy With a Living Trust
A lot of people think that a last will is the right choice as an asset transfer vehicle unless you are a multimillionaire with estate tax concerns. In fact, this is nothing more than a commonly held misconception. Yes, it is true that high net worth … [Read more...] about Protect Your Privacy With a Living Trust
An Overview of Medicare Out-of-Pocket Expenses
Medicare eligibility is earned through the accumulation of retirement credits. You get these credits when you pay self-employment or FICA taxes, and in 2021, you receive one credit for every $1470 that you earn. The maximum annual accrual is four … [Read more...] about An Overview of Medicare Out-of-Pocket Expenses
