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Estate Planning

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Estate Planning, Health Care, Powers of Attorney, Wills and Trusts
October 19, 2020

The third week of October has been designated by Congress as National Estate Planning Awareness Week. The goal for this week is to highlight the importance of estate planning and how planning can benefit you.  The Resolution by Congress noted "the implementation of an estate plan starts with sound education and planning," and then the drafting of legal documents.  Our office couldn't agree more, and we are dedicating this week to articles, quick posts to think about, and a webinar on our...

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Estate Planning, Health Care, Powers of Attorney
August 24, 2020

Schools across the United States are preparing plans on the safest ways to welcome back students for the 2020-21 year. Elementary through High Schools are figuring out whether remote, in-person, or some hybrid makes the most sense for their districts. Meanwhile, some universities have begun to permit their students to move back to campus and for parents all around this can be a nerve-wracking time. Under “normal” circumstances for those of you who are parents of college students, you would likely...

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Estate Planning, Wills and Trusts
June 26, 2020

With everyone spending significantly more time at home, many people have taken time to work on projects they had previously put off, learn new skills, and organize their living spaces. But, while cleaning your basement, learning how to give your dog a trim, or remodeling a room in your house are all beneficial, there are certain projects you should think twice before you try to "Do It Yourself." An estate plan you can try to create for yourself but it may...

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Estate Planning, Health Care, Powers of Attorney
April 22, 2020

We hope you are all staying safe in these challenging times. We want to assure you that we are open, working remotely, and can help. We believe estate planning involves more than choosing who inherits under your will or trust.  With a proactive and comprehensive plan, you are able to take advantage of protections you may not have otherwise thought or knew about.  During the ongoing health care crisis, you should have the following documents to help you and your loved...

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Estate Planning
February 26, 2020

Leap years occur almost every 4 years, so our calendars remain in sync with astronomical time. It takes the Earth 365.242 days to rotate around the sun and without leap years we would lose an average of 6 hours each year.[1] So, the extra day exists to keep our seasons aligned, but it can also be beneficial for you in other ways as well. The extra day can be time you spend catching up with loved ones you haven’t seen in a while. It can be...

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Estate Planning
January 6, 2020

Many people wait until February to start their “new year’s” resolutions and use January to develop a concrete plan instead. This includes gathering information and resources ahead of time, breaking up larger goals into smaller achievements, and mapping out different ways for everything to work together. Forming a plan for your goals can help you stick with them and with 80% of people stopping their resolutions by February, getting organized and ready may just lead to a greater likelihood of success.[i] One major goal you could work towards...

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Estate Planning, Taxes
December 20, 2019

With the holidays fast approaching, giving is a topic on many minds, including considering what to gift to loved ones or finding a charity to donate to. Each year the IRS recognizes a gift tax exclusion. This is the amount an individual can gift to someone else or an entity without using any of their $11.4 million lifetime exemption amount, and without the necessity of filing a Form 709 Gift Tax Return. The annual gift tax exclusion amount for 2019 is $15,000. A spouse may join...

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Asset Protection, Estate Planning, Health Care, Powers of Attorney
November 22, 2019

It is estimated that over 55 million Americans will kick off the holiday season by traveling to a family member’s or on a getaway this Thanksgiving.[1]  Holidays are a great time to see loved ones and learn about what everyone has been doing. And, with the hecticness it may seem easier to put off topics like estate planning until the new year, but the holidays are actually a great time to consider the matter. Traveling can prompt discussions to ensure you have a plan in place in...

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Estate Planning, Health Care, Powers of Attorney
November 6, 2019

As loved ones age, their physical and mental abilities change. They may not be as quick or sharp as they once were, they may have mood swings, and they may need more help taking care of themselves. But there is a difference between the general decline individuals can experience as they age and the decline someone can experience if living with dementia. The following are signs of dementia provided by the Alzheimer’s Association that caretakers may encounter: Memory loss – the kind that goes beyond occasionally forgetting a...

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Estate Planning, Powers of Attorney, Wills and Trusts
October 21, 2019

In September of 2008, Congressional leaders passed House Resolution 1499 declaring the third week in October as “National Estate Planning Awareness Week.” Resolution 1499 estimated over 120,000,000 Americans did not have up-to-date estate plans to protect themselves or their families in the event of sickness, accidents, or untimely death. More recently a 2019 survey, carried out by Caring.com, found 57% of adults in the United States have not prepared any estate planning documents such as a will or trust, despite the fact that 76% of the surveyed adults...

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