Remarrying in Retirement: Estate & Financial Planning Considerations
Remarrying during retirement is a joyful milestone, but it also brings with it a host of financial, tax, and legal questions that deserve careful attention. Unlike earlier in life, when careers are still developing and children may be young, later-life marriages...
Best Practices in Bookkeeping for Success
Bookkeeping is the backbone of any successful business, providing the foundation for sound financial decision-making. Effective bookkeeping not only ensures compliance with regulatory requirements but also empowers businesses to track, manage, and optimize their...
Protecting Your Legacy with Life and Long-Term Care Insurance
Leaving a legacy is about more than money. It’s about protecting your family, easing future burdens, and making sure the results of your hard work live on. Two important tools that can help are life insurance and long-term care insurance (LTC). Life Insurance:...
Buy-Sell Agreements Will Result in Catastrophic Estate Tax under the Supreme Court’s Ruling: How You Can Protect Your Legacy
Overview For decades, companies have used corporately owned ("entity owned") life insurance to "buy-out" the share of a deceased partner. The insurance policy was not viewed as an asset of the company and, therefore, did not affect the estate's valuation for estate...
How Does the “Big Beautiful Bill” Impact My Estate Planning?
The recently enacted federal tax legislation, informally referred to as the “Big Beautiful Bill”, has significantly expanded the federal estate tax exemption. Because of this, traditional tools designed to reduce estate taxes such as credit shelter trusts may...
Why Estate Planning is Essential for Everyone
Estate planning is often misunderstood as something only the wealthy need to worry about. However, it is essential for everyone, regardless of their financial situation. Here's why: Protect Your Assets: Estate planning ensures that your assets are distributed...
Important Tax Changes to Know for 2024
As we enter the new tax year, it's crucial to stay informed about significant tax changes that may impact your financial planning. Here are some important tax updates for 2024: Increased Standard Deduction: The standard deduction has been increased for all filing...
Top 3 Investment Strategies for 2024
As we move into 2024, it's essential to consider new investment strategies that can help you maximize returns and manage risk. Here are three top investment strategies to consider this year: Diversify Your Portfolio: Diversification remains a cornerstone of successful...
5 Essential Financial Planning Tips for a Secure Future
Effective financial planning is crucial for achieving a secure and prosperous future. Here are five essential tips to help you create a solid financial plan: Set Clear Financial Goals: Start by defining your short-term and long-term financial goals. Whether it's...