The new year and a new administration are upon us, and with them will likely come some changes to the way our government collects taxes. It’s possible that the coming years will see an increase in the amount of taxes you’ll have to pay if you’re trying to give away...
Estate Planning
What consequences could you face for not having a will?
As you begin to think about estate planning, you will likely wonder what documents and vehicles you need to make part of your plan. You may question whether drafting a will makes sense, especially if you have few significant assets or if you are establishing a trust...
As divorce rates surge, don’t forget to create or update your estate plan
The pandemic has dramatically impacted nearly every aspect of our everyday lives. Some have lost their primary form of income, while others may have their job stability in question. Simple activities like going grocery shopping or gathering with family and friends has...
Do you know where your parent’s estate-related documents are located?
No one wants to think about their loved one passing away or losing the ability to make decisions for themselves. You may know that your parent has created a will, so it may be easy to assume you don’t have to inquire further into their estate planning. However, if you...
3 Tips for creating an estate plan without family friction
It’s an unfortunate reality that the loss of a parent can often bring out the worst in adult children. Whether it’s because they don’t find their share of the inheritance to be fair or are skeptical about how a sibling is handling assets, death can easily cause a...
Estate planning during the pandemic: factors to consider
The sudden pandemic that has swept the globe has forced all of us to face a troubling reality and an uncertain future. The novel coronavirus poses real threats to all of us – young and old. You may, perhaps for the first time in your life, be grappling with issues of...
The dangers of DIY online estate planning
Today, the internet is a go-to source for many services: shopping, connecting with a doctor and even filing taxes. Due to the COVID-19 pandemic, it has become even more of an essential tool for homeowners and workers. Most of their daily routines are now centered...
Why every new parent needs an estate plan
When you are expecting your first child, it's natural to feel overwhelmed by the responsibility of raising a child. At first, you’ll likely focus on what you need to know about caring for a newborn before thinking about what other important items you need to deal...
Estate planning documents everyone should have
When most people think about their financial future, they tend to focus on paying down bills, retirement accounts or saving for their child's education. However, planning for their family's future after they are gone is usually an afterthought.A 2019 Caring.com survey...