Trust Basics
Want to control how your heirs spend their assets, minimize estate taxes, and possibly avoid probate? Trusts are very flexible tools to accomplish a bunch of wishes. We explain in this week’s Financial Tip.
In the News: Creating a Philanthropic Legacy with an Income Stream for You
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how you can profit from your business, minimize your capital gains, and benefit a charity by creating a charitable trust.
Estate Planning: Bypassing Probate
Despite its reputation, there is little reason for most people to avoid probate. However, be aware that the average process takes six to nine months to complete. Learn more in this Financial Tip.
It’s Not an Estate Tax Issue, but an Estate Plan Issue
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that just because you don’t have a tax problem because of the $11.21 million estate tax exclusion doesn’t mean you don’t have an estate plan problem.
Estate Tax Exemption Doubled under Tax Reform
The estate tax exclusion for 2018 is $11,180,000 for individuals and $22,400,000 for married couples—and the portability provision is still in place! Learn more in this week’s Estate Planning Tip.
Settling an Estate: Executors Inherit Important Title
Settling an estate can be a difficult and time-consuming job that could take several months to more than a year to complete. Learn all about it in this Estate Planning Tip.
Don’t Wait to Ask Aging Parents These Important Questions
The best time to plan for your parents’ aging is when they are relatively healthy; otherwise, you may find yourself making critical decisions on their behalf during a crisis. We explain in this week’s Estate Planning Tip.
Facing the Possibility of Incapacity
There are many factors to consider when you are planning for the potential for incapacity, even when you have substantial financial resources available for your long-term care. We explain this this Estate Planning Tip.
Business Owners: Equalizing Estate Distributions to Your Children
When a closely held business is involved, it can be challenging for parents to achieve a distribution of their assets that is equitable. Learn why in this week’s Business Tip.
Keeping Family Assets Away from a Future Ex-Spouse
Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss a common financial planning situation where a family is concerned about protecting assets from an heir’s future ex-spouse.