Estate Planning & Elder Law Articles — page 27
-
Tax Deductible Donations and Estate Planning: Key Considerations When Making A Charitable Contribution
As tax season comes into full view a lot of people have tax deductible donations on their minds. While it may be too late to make a charitable contribution that counts against your 2021 taxable income, plenty of time… Read “Tax Deductible Donations and Estate Planning: Key Considerations When Making A Charitable Contribution”
-
Living Trusts vs. Revocable Trust vs. Irrevocable Trusts: Understanding the Different Types of Trusts
Terminology is among the biggest barriers to estate planning. Many people understand the importance of protecting their assets and working to ensure their loved ones’ long-term financial well-being but are turned away… Read “Living Trusts vs. Revocable Trust vs. Irrevocable Trusts: Understanding the Different Types of Trusts”
-
Overcoming the Fear of Financial Planning: 5 Simple Steps to Better Asset Management
January is so named because it is the month of Janus, the Roman god of beginnings, transitions, doorways, and endings. If there were ever a month to get over your fear of financial planning, then, January would be it… Read “Overcoming the Fear of Financial Planning: 5 Simple Steps to Better Asset Management”
-
Digital Asset Management: What Are Digital Assets and Why Do They Matter to Estate Planning?
When most folks think about digital assets or digital property, they think about cryptocurrencies, non-fungible tokens (NFTs), and other innovative technologies making headlines these days. Such items alongside… Read “Digital Asset Management: What Are Digital Assets and Why Do They Matter to Estate Planning?”
-
Estate Planning Checklist: A Guide to Getting Started
The holidays are all about making lists: lists of gifts, lists of who’s been naughty or nice, New Year’s resolution lists… And so why not include among these an estate planning checklist that ensures you have everything… Read “Estate Planning Checklist: A Guide to Getting Started”
-
Revocable and Irrevocable Trusts, Explained
While most of us have heard of “trusts,” few understand the differences between the various types of trusts, specifically revocable and irrevocable trusts. These two types of trusts are discussed most often within the… Read “Revocable and Irrevocable Trusts, Explained”
-
Holiday Estate Planning: A New Year’s Resolution that Keeps Giving
New Year’s resolutions are a funny thing. Folks set them believing they will bring positive change only to have them turn into a source of anxiety and self-doubt when they fall through weeks later. Just 8% of people… Read “Holiday Estate Planning: A New Year’s Resolution that Keeps Giving”
-
The Stresses of Caregiving on the Sandwich Generation
Dorothy Miller, a social worker, first created the term “sandwich generation” in 1981. A journalist, Carol Abaya, continued to study and add to what the term means. In 2006, Merriam-Webster included the term, sandwich… Read “The Stresses of Caregiving on the Sandwich Generation”
-
5 Reasons Why You Need a Power of Attorney
A power of attorney is a vital part of any estate plan. The power of attorney—or POA as it’s often called—is a legal document that gives a selected individual the authority to act for another individual in legal or… Read “5 Reasons Why You Need a Power of Attorney”
-
3 Documents Everyone Should Include in Their Estate Plan
If we’ve learned anything throughout the course of the Covid-19 pandemic, it’s that life can be extremely unpredictable. Unfortunately, we have no way of knowing what the future holds, or if and when tragedy will… Read “3 Documents Everyone Should Include in Their Estate Plan”