Tag Archives: financial planning

How a Personal Injury Settlement Affects Your Estate Plan

Car crashes, incidents and fatalities are an unfortunate reality in our increasingly hectic and fast paced world.

According to the CDC, about three million people in the US are injured every year in a car accident. Most states have laws in place to help protect people who are injured in a car crash through an avoidable...
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Having a Discussion About Estate Planning With Your Parents

It can be difficult to discuss estate planning with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Having a thorough estate plan in place can mitigate confusion and anxiety at the end of...
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Account Beneficiaries: Why You Should Review Them Regularly

How your accounts are owned has a big impact on your estate plan.

The main objective is usually to ensure that no accounts and property are in only your name when you die.

When property is owned by only one person, they go into probate upon that person’s death. This is a costly, public, and time-consuming court...
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Gifts Your Family Will Love but the IRS Won’t Tax

What changes will we see to the tax code in the near future?

At this point it is all speculation but don’t let that prevent you from making tax-free annual exclusion, medical-payment, and educational gifts to or for the benefit of your loved ones.  

Make Annual Exclusion Gifts

  Annual exclusion gifts are transfers of money or property in...
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