The Last Will and Testament is a key Estate Planning document. A Will allows you to control your property at your death. We often refer to it as the “clean up” document because it tells who you want to receive your assets and how you want them to receive it.
June 6th is Higher Education Day! As a parent and/or grandparent there is great satisfaction in helping your child or grandchild pay for college. How you pay for it is important. What are the options? Let’s review some of them!
A 529 plan is a “qualified tuition plan.” They can be in the name of the student, parent, or grandparent. We have all heard the praises of 529 plans (including that they grow income tax free).
Seniors often wish to make large gifts to loved ones prior to death. Unfortunately, seniors can lose control by gifting property in advance. With good advice, you can ensure that your property is protected for yourself and future generations while preserving full or partial control. Sometimes, seniors create capital gains taxes for their children by […]
Long-term care insurance is important for anyone who wants to have their needs satisfied at home or worst case in an assisted living facility, as no one dreams of spending their final years in a nursing home facility. Bill explains what you want to look for in a long-term care insurance policy, and equally important, […]
The key to any effective asset protection plan is planning. As we progress through various life phases, our asset protection plan needs to evolve as well. In this episode, Bill details the life milestones that require you to review your estate planning. Check out this episode!
Everyone wants a plan that is going to work the way that they want. Unfortunately, there are many ways that a plan can fall apart. How you own and manage your rental property makes a huge difference to whether your overarching estate plan will work. It’s important to remember that planning involves more than just […]
Sometimes our clients completely overlook one important financial issue when planning for retirement. Your health risks and the cost of a long-term care crisis, as well as the importance of maintaining financial liquidity are all factors that you must analyze when planning. The biggest things that most people fail to consider is that their future […]
In the second and final episode of our two-part series, Bill discusses in what ways he was prepared for his brother’s death and in what ways he wasn’t. Bill offers some critical tips for organizing your important documents. Check out this episode!
Life can be busy, and the pressures thrown at us are overwhelming. The hardest thing to remember to do is to make time for ourselves. Not only do we need respite time, but we also need time to reassess, organize, and plan. Folks tend to do things the way they’ve always been done without considering […]
In the first episode of a two-part series, Bill discusses what it was like to lose his brother, who dealt with a long life of health struggles. He offers tips to help those who may be going through a similar experience, and provides insight on what to expect during the process of losing a loved […]
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