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If you are looking to make a positive impact on the world, while also reducing your tax liability, we encourage you to consider establishing a donor-advised fund. A donor-advised fund (DAF) serves as a vehicle to donate assets directly to a charity typically of your choosing. However, the sponsoring organization maintains ownership of the fund […]
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Estate taxes are an unfortunate reality for beneficiaries lucky enough to qualify for them. You want your family to enjoy the fruits of your labor and possibly carry on the legacy of your business after you are gone. However, sometimes success comes at a cost. While only a small percentage of estates qualify for the […]
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When most people hear the phrase, “estate asset inventory” they often think of investment accounts, bank accounts, real estate holdings, cars, etc. However, the assets included within your estate should not be limited solely to traditional or big-ticket items. The value of your estate includes all your possessions and belongings, including artwork and other creative […]
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“How will I be able to provide for my family after I’m gone?” That question has kept some of us awake in the middle of the night. While there is no way to predict the future, resources exist to help you achieve a significant level of peace of mind. Stressing out about things beyond your […]
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Most adults are aware that they should have a Will, formally known as a Last Will and Testament. However, you may not be aware that a Will is just one piece of your estate plan. The phrase estate planning includes several different legal documents and tools to ensure your wishes are known and your loved ones are taken care of after you pass. […]
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As soon as your child turns 18, they are, in fact, a legal adult. And before you know it, they are going to be entering the real world. Between college applications, job searching, graduation parties, sometimes the finer details of their burgeoning adulthood can get lost in the shuffle. Most likely, your child will not even be thinking of the legal documents required to prepare them for the […]
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This webinar has passed. To view the recording of the presentation, please visit here. The sky is falling… or is it? There is a tremendous amount of uncertainty with respect to possible estate tax law changes on the horizon. Sitting back and waiting is not the right approach. It’s time to play some offense […]
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Your relationship with an estate planning attorney will be unique compared with other legal professionals because estate planning is inherently personal. You must trust this person to help guide you in making important decisions and to help take care of your loved ones after you pass. Deciding upon an estate planning attorney may be one […]
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Likely, the most valuable and sentimental asset within your estate is your primary residence or a vacation home. If you desire to see your home’s legacy continue within the family after you are gone, but are concerned with high estate taxes, you may want to consider setting up a Qualified Personal Residence Trust, also known […]
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No matter how prepared you may feel about the future, you and your family’s personal and financial situation is subject to change at any moment for any reason. Whether it be due to changes in the economy, an unexpected personal emergency, or even a sudden windfall of assets, no one can fully predict the future. […]
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