Blog — Topical News

Monday, October 31, 2016

Have You Funded Your Living Trust?

Once a living trust is in place, it is important to fund the trust in order minimize future risk and expense. "Funding" a trust means changing the way the person who made the trust – called a grantor – holds title to his or her assets from the grantor's name individually, to the person named as trustee of the living trust (the grantor and the trustee who administer the living trust are often the same person). Types...

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Monday, October 31, 2016

Charitable Donations from Your IRA Could Save Taxes

Congress has revived a law that lets you make charitable donations directly from your IRA that provides an opportunity for older adults to achieve significant tax advantages. The "IRA Charitable Rollover" was discontinued at the end of 2014; however, Congress has now resurrected it, made it permanent and made it retroactive to the beginning of 2015.

If you are over the age of...

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Tuesday, July 12, 2016

Key Elements of a Family Business Succession Plan

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

There are a number of critical elements you need to consider for any business plan. The following are six key areas your family business succession plan needs to address.

First, make sure you address your own personal retirement...

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Tuesday, July 12, 2016

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

There are a number of critical elements you need to consider for any business plan. The following are six key areas your family business succession plan needs to address.

First, make sure you address your own personal retirement planning. Without this step, it is hard to know how long you may need to continue working in order to build your retirement resources, or how much money you can expect to have when you are ready to retire. Going through the retirement planning process...

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Monday, June 27, 2016

Will Meets the Web – Estate Planning for Digital Assets

Will Meets the Web – Estate Planning for Digital Assets

Federal and State Legislation Trail Real-World Use of Digital Assets, Potentially Increasing the Difficulty of Identifying and Conserving These Assets for Heirs and Beneficiaries

Historically, we all have viewed...

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