Tax Update – 2025
Please click the link below to access our tax update for the year 2025, covering the One Big Beautiful Bill Act Tax Update 2025
Elder Care Update….
Costs of care for the elderly have increased over the past few years. If the right planning is done ahead of the need for medical care, there can be significant opportunity for cost savings. Here are some updated statistics according to Consumer Affairs: Over 810,000 people reside in assisted living facilities. Assisted living costs an average of…
The Power of the Power of Attorney…
Power of Attorney Sometimes, as we get older, it can become difficult for us to take care of our own finances. It may be a matter of deteriorating physical health that makes it difficult to get out to meet with our banker, investment advisor, handle real estate matters, or make decisions. To help us through…
Should I Deed My House to My Children Now?
We usually respond to this question by asking, “what are you trying to accomplish?” Some people want to avoid Probate to maintain their privacy, avoid delay and cost, or out of concern that someone may contest their Will. Others want to protect the asset from Medicaid or nursing home claims, to qualify for Medicaid –…
IRA’s & Retirement Accounts, What You Need to Know in Estate Planning.
The Background Every estate plan consultation is unique. Clients bring up many and various concerns. However, the prime concern of all clients is that their assets pass to their beneficiaries as they intend. Since life does not always go as planned, we work with clients to look ahead to “what if’s” that may come to…
Is Having an Estate Plan Important Right Now?
“I wasn’t expecting…”. “If I had known, I would have…”. Unquestionably having legal documents in place and understanding how they work helps protect your assets and goals when the expected and unexpected arise. Hopefully, this article promotes healthy concern and action. In writing this article our goal is to help prevent problems, in the same…
How do I Incorporate My Pets into my Estate Plan?
In addition to providing for their spouses and children, clients are sometimes concerned about the care of their pet. They want to ensure their faithful companion, their pet, is taken care of after they pass on. There are generally three pieces to the puzzle. The Person. The person you choose must be someone you trust…
Estate Planning: Is Life Insurance an Investment?
Some people feel owning life insurance is not an “investment” because the purpose is to provide a benefit on death. They feel that if the benefit is “untouchable” until death, how can life insurance be called an investment? The answer is, you can enjoy lifetime benefits as well as the death benefits. The benefits all…
What Is A Reverse Mortgage?
If a person needs cash and they own a home, one option may be to tap into the equity of their home. Under a traditional mortgage a borrower receives the full amount of the loan at closing and repayment of the principal plus interest starts immediately. With a home equity loan a credit line is…
Why to Invest in an Estate Plan Before Turning 35 … (or at any age) ?
A common misconception is that estate planning is only necessary for the elderly, wealthy, sick, or when death is visibly impending. Trouble is… the unexpected. Families can be left scrambling – not knowing where to begin, and compromised – in making injury or death claims, settling legal matters, and providing for young children. Every situation…