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Asset Protection, Estate Planning, Powers of Attorney, Wills and Trusts
January 4, 2023

We begin the new year with an abundance of hope and possibilities. To start the year, many of us turn to the tradition of setting New Year’s Resolutions. Motivated by a fresh start, we create goals for the year ahead. However, about fifty seven percent of people either forget about or give up on their resolutions by February, and only nine percent of people fulfill their goals [1]. Let’s work together to beat these odds. Resolutions, or any other type of...

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Asset Protection, Estate Planning
December 23, 2022

Every year Insure.com publishes the “Santa Index,” where they compare the many jobs St. Nick performs to Bureau of Labor Statistics wage data for similar occupations and determine a salary for Santa[1]. Though they estimated his pay would be increased from last year, up to $162,555, that only represents a 2% increase, which is reduced from the 6% increase he previously received.  Some of the tasks in the comparison include:  running the workshop (where the closest matching occupation is industrial engineer)   reindeer...

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Asset Protection, Estate Administration, Estate Planning
October 21, 2022

An estate plan often focuses on property such as financial accounts, jewelry, real estate, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Planning for your digital assets can help ensure they pass to your loved ones, instead of getting lost in the cloud simply because no one knew about them. Also, by including them in your plan, you can better secure your information and prevent identity thefts. Your digital legacy...

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Asset Protection, Estate Planning
October 19, 2022

In order for an Estate Plan to work, you have to review what is in your estate. What assets do you have? This would include your bank accounts, investments, retirement plans, pensions, home, vehicles, and any other physical or financial properties that you own and would like protected in your plan. About 33% of Americans claim they do not have enough assets to leave to loved ones[1], so they do have a plan in place for the assets they do...

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Asset Protection, Estate Planning, Powers of Attorney, Wills and Trusts
August 22, 2022

A blended family could impact your life in a lot of ways, in particular it can affect how you approach your estate plan. There can be many people to take into consideration when planning, and it is important to acknowledge each person, so all your wishes are met. When planning, you have to decide how the families are going to split inheritances. Will both families share equally? Will your assets stay in your family and your spouse’s stay with theirs? Are...

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Asset Protection, Estate Planning
May 24, 2022

 A scavenger hunt is a fun game for children to play, searching for a list of various items, like toys or treats. As an adult, it is less enjoyable to participate in a scavenger hunt, especially when you are searching for asset information. As hard as we may try to keep our lives organized, it can be a challenge to keep all our belongings in one place. With the help of an estate planning professional, you can help your loved...

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Asset Protection, Estate Planning
May 4, 2022

Without proper funding, your estate plan won’t work. Why is that? Funding is retitling your assets or updating your named beneficiaries to achieve your intended result. If you have a living trust, that could mean you and your loved ones experience less burdens, your assets are distributed according to your wishes, and your estate avoids the probate process.   Changing the title on assets such as bank or investment accounts to your trust as the owner, can make it easier during...

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Asset Protection, Estate Planning, Health Care, Pet Planning, Powers of Attorney, Taxes, Wills and Trusts
October 15, 2021

www.keeping control-book.com There are many reasons to read a book; to learn something new, for relaxation, or to be entertained by a good story. In our house, reading has become a family activity with nighttime stories and multiple trips to bookstores to purchase every book in the series. Even requiring me to build more bookshelves! It’s easy to explain why we read books, but what about writing a book? Earlier this year I decided to write a book to help encourage...

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Asset Protection, Estate Planning, Health Care, Powers of Attorney, Wills and Trusts
June 28, 2021

June is popular for weddings, which is appropriate as the month is named after Juno, the goddess of marriage, family, and home. And, with all that goes into planning a wedding it’s not surprising a topic like estate planning isn’t high on the list for the soon-to-be newlyweds. But it is something that should be considered when entering a marriage, especially if it is a second marriage and you’re blending families. One of the first things you may do is set...

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Asset Protection, Estate Planning, Taxes
December 18, 2020

As we continue the holiday season, and are in the spirit of gratitude, we would like to consider the gifts we give at the end of the year. Some gifts can be given tax-free and knowing the applicable tax exemptions before you give to loved ones and charities can be beneficial. Each year the IRS recognizes a gift tax exclusion. This is the amount an individual can gift to another person without incurring any tax. For 2020, the annual exclusion amount...

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