The Most Important Legal and Financial Actions To Take Right Now

6 April 2020

The Most Important Legal and Financial Actions To Take Right Now

 

As you already know,  the COVID-19 pandemic means nothing is business as usual. Many states have implemented a “shelter-in-place” order to limit the spread of the disease.

 

Once you have attended to your immediate needs, it will be time to consider more long term precautions.

 

The SECURE Act’s Impact On Estate and Retirement Planning—Part 2

30 March 2020

 

The SECURE Act’s Impact On Estate and Retirement Planning—Part 2

 

In the first part of this series, we discussed the potential ramifications the SECURE ACT has for your estate and retirement planning. Here, we’ll look more deeply into additional strategies you may want to consider in light of the new legislation.

 

Kobe Bryant’s Untimely Death Highlights the Vital Need for Estate Planning at All Ages

17 March 2020

Kobe Bryant’s Untimely Death Highlights the Vital Need for Estate Planning at All Ages

 

As you no doubt already know, on January 26, 2020, basketball legend Kobe Bryant was killed in a helicopter crash on a wooded hillside 30 miles north of Los Angeles. Also killed in the tragic accident was his 13-year-old daughter Gianna, and seven other passengers, who were friends and colleagues of Kobe and his family.

 

Money Talk: How Much Will You Share With Your Kids (and When)?

10 March 2020

Money Talk: How Much Will You Share With Your Kids (and When)?

 

In many families, money still is not a typical dinner table discussion, but we think it should be. Surprisingly, this is especially true when it comes to affluent parents. And, we hope to change it because one of the most important things you can do is talk to your kids (and your parents) about money.

 

Protect Your Business and Family Through a Living Trust

4 March 2020

Protect Your Business and Family Through a Living Trust

 

While various types of insurance can protect your business from lawsuits and other liabilities, perhaps the greatest liability of all—especially if you’re the sole owner of your business—is what could happen to your company when you die or if you should become incapacitated by accident or illness.

False Security: Is Your Will Legally Valid?

24 February 2020

False Security: Is Your Will Legally Valid?

 

A last will and testament can ensure your wishes are respected when you die. But if your will isn’t legally valid, those wishes might not actually be carried out, and instead the laws of “intestate succession” would apply, meaning that the state decides who gets your stuff, and it’s very likely not to be who you would choose.

 

Donate Appreciated Assets to Charity Instead of Selling Outright For Tax and Income Benefits Using a Charitable Remainder Trust

10 February 2020

Donate Appreciated Assets to Charity Instead of Selling Outright For Tax and Income Benefits Using a Charitable Remainder Trust
 

If you have highly appreciated assets like stock and real estate you want to sell, it may make sense to use a charitable remainder trust (CRT) to avoid income and estate taxes—all while creating a lifetime income stream for yourself or your family AND supporting your favorite charity. 

 

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