When you make a mistake with your estate plan, it can be irreversible. If the mistake you made isn’t realized until after you or your loved one passes, it could create a nightmare for the survivors.
Most if not all people should have and can benefit from a comprehensive estate plan. In this article, we will cover some of the common reasons to make sure you have an estate plan in place.
The first quarter of 2018 has been a rocky one, with volatility surging to levels not seen in several years, and investors awakened from the low-volatility environment of 2017. Read economic analysis from Stewardship Financial Advisors.
The Tax Cuts and Jobs Act of 2017 was a landmark decision with implications for all taxpayers beginning in 2018. With the most significant changes since 1986, the law generally reduces income tax rates for the vast majority of Americans. This article breaks down the major tax changes taxpayers should plan for in 2018.
Being named the executor of a will is a big responsibility. It can be overwhelming and confusing at times, especially when that person is also dealing with the grief of losing a loved one.
No one really wants to think about what it will be like when their loved one passes away. It is hard enough for people to take the step to plan for such an event—let alone really understand the steps they will have to take when that time comes.
We have had several clients through the years who express interest in donating to a charity when they pass. While there are many ways to go about this, using a charitable remainder trust (CRT) can provide benefits to the donor during one’s life as well as accomplish a person’s final wishes.
Estate planning when you have a child with a disability can be exceptionally painful and scary. No one wants to think about what could happen to their child when they are no longer here to take care of them. There are several tools that exist to help people in this situation. One is called a Special Needs Trust.
Will my family have to pay estate tax when I die? This is an extremely common question that we are asked. The last thing you want your loved ones to have to worry about when you die is paying taxes on anything you have left to them.
Studies by the National Safety Council show that one in four people will be disabled before the age of 65 for at least a year, and nearly one out of every two people over 65 will have some form of disability. Though no one likes to think about falling ill, these numbers show that it is important that one be prepared for such an event.