Last week we explored 7 ways to show your finances and your family some love with smart, tax-advantaged financial tips for the new year: Make a Qualified Charitable Distribution (QCD) Front-load Your 401(k) Contributions Set Up an IRA for a Child Make Donations During Spring Cleaning Give the Gift of Appreciated Stock Shares Establish a 529 College Plan Make a …
This week, we explore seven tax planning tips that not only secure your financial future but also spread love and prosperity to those you cherish most. Now I know what you’re thinking – that doesn’t sound as fun or showy as a fancy night, a bouquet of flowers, or even a night in with Netflix. But trust me, making smart …
Many assume that in the event of their untimely passing, their children will automatically be cared for and inherit their assets. However, the reality is far more complex and potentially unsettling.
Let’s unpack why relying on assumptions alone could leave your children’s future uncertain.
Trying to find the right lawyer to help with legal matters, especially if you are under the gun in a crisis, but even if you aren’t, can often feel like navigating uncharted waters. You want to find an attorney you like who will understand your family’s needs, but you also have to consider the cost of the attorney you’re hiring …
With the rising costs of long-term care, many older adults are concerned about how they will afford the care they need. Medicaid is a program that assists with long-term care costs for those who qualify. However, a common misconception is that Medicaid is only for low-income individuals. With proper planning, even those with significant assets can protect their wealth and …
Many parents name godparents to mentor and guide their children throughout life. But the scary truth is that your children could still end up in protective services even if they have a godparent. Read more… The Scary Truth: Naming Godparents Does Not Create Legal Guardians As a parent, your top priority is the well-being and future of your children. You …
What You Must Know About Your Right to Your Spouse’s Retirement Benefits Suppose you are part of a blended family (meaning you are married with children from a prior marriage in the mix). In that case, you’re no stranger to the extra considerations and planning it takes to keep your family’s life running smoothly – from which parent your children …
This week we continue our discussion on estate planning for a loved one with dementia and how planning must become more proactive and strategic than ever to avoid conflict over your loved one’s wishes in the future. Last week, we started our discussion on estate planning for a loved one with a dementia diagnosis (read last week’s blog post here) and …
Caring for a loved one with dementia is a challenge that millions of families undertake each year. As a caregiver, understanding how a dementia diagnosis affects your loved one’s legal decision-making is crucial to ensuring their wishes are honored and that you are providing them with the best possible care. In this blog, we’ll explore the importance of estate planning, …
Losing a loved one is an incredibly challenging experience, and the journey through grief can be both complex and overwhelming. Unfortunately, we all experience grief at one time or another, and knowing how to manage your own grief and how to be there for others who are grieving is an important skill that can improve your life and relationships. As …
