Strategies for Executives to Achieve Their Estate Planning Objectives
As a business executive, you strategize and set goals for your professional endeavors. Have you taken the time to apply these skills to ensure the well-being of your family? If you still need to, our…
Estrangement & Estate Planning
Regrettably, family conflicts sometimes escalate beyond mere fleeting disagreements, leading to estrangement. Family estrangement refers to physical and emotional distancing among family. This separation often reaches a point where there is minimal or even no…
The Corporate Transparency Act: What It Is and Why Every Trustee and Business Owner Should Begin Preparing
By Bryan Johnson, Esq. Corporate Transparency Act The Corporate Transparency Act (CTA) was created under the Anti-Money Laundering Act of 2020 and goes into effect on January 1, 2024. The CTA seeks to prevent individuals…
The Federal Deposit Insurance Corporation Will Increase Insurance Coverage of Trust Bank Accounts
The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks in case of bank failure. The Banking Act of 1933 established the agency to restore public confidence in banks…
Benefits of Gift Giving
Many of our hard-working clients want to pass on their wealth to family members. Nonetheless, individuals with a high net worth must consider potential gift and estate tax implications when gift giving. By creating a…
The Importance of Avoiding Intestacy
Many Americans pass away without a will, which is called dying intestate. In this circumstance, what they have left behind is distributed during intestate succession. Rather than decide who they want their assets to go…
Choosing Your Successor Trustee
When establishing a trust, choosing your successor trustee is one of the most crucial choices you will need to make. You can act as the trustee if your trust is a revocable living trust. However,…
Time to Protect Your Child’s Future
As a parent, you want to protect your child’s future, but have you ever pondered what might happen if you could not be a part of it? This contemplation can be a sad one for…
Services to Cancel After a Loved One Passes
The passing of a family member presents challenges on multiple fronts. In addition to grieving, practical responsibilities need attention. For example, their accounts must be settled, including utilities, insurance, memberships, digital subscriptions, and other recurring…
What an Estate Plan Should Not Include
When you pass away, estate planning facilitates the transfer of wealth to your loved ones. Therefore, estate planning involves preparing various legal documents to ensure your wishes are carried out effectively. However, there is some…
RESPECT Yourself and Complete Your Estate Plan
By Nate Loftin, Esq. Aretha Franklin, the legendary Queen of Soul, left behind a legacy that will forever be remembered. But what many people didn’t expect was the discovery of her last will and testament…
Consider Your Digital Accounts in Your Estate Plan
It’s common knowledge to include bank accounts, retirement accounts, and other standard financial accounts in estate plans. However, did you know it’s essential to have a digital estate plan that accounts for your digital accounts,…
Those Who Are Self-Employed Must Address These 3 Concerns
Self-employment often comes with the freedom that many individuals seek. However, there are various added responsibilities that those who are self-employed face. As a matter of fact, here are three important issues that should be…
July Newsletter: Estate Planning News You Can Use to Beat the Heat
Inadequate or outdated estate plans can have detrimental effects on both you and your loved ones. Our July newsletter aims to emphasize the significance of establishing a comprehensive estate plan that safeguards your legacy and…