What You Need to Know About THE CORPORATE TRANSPARENCY ACT

January 23, 2024

A new federal law, called the Corporate Transparency Act (CTA), will impact almost all LLCs, corporations, limited partnerships, and other closely held entities. Aside from any such entities that you may have, this will also affect trusts that own any such entities. The law is effective January 1, 2024. Why the new law? The purpose […]

Protecting Your Family’s Safety Net: How to Set Up Your Life Insurance Policy The Right Way

January 22, 2024

ESTATE PLANNING,

A comprehensive Life & Legacy Plan is about creating a strategy that lets you enjoy your life to the fullest while protecting your loved ones’ future when you can no longer be there. It might seem like life insurance is an easy way to help secure your loved ones’ future – and it is – […]

This Change to The FAFSA Rules Could Help Your Grandkids Qualify for More Student Aid

January 16, 2024

ESTATE PLANNING,

Want to contribute to your grandchild’s future college education? The FAFSA Simplification Act, which went into effect last month, now makes it possible for grandparents to do even more to help finance their grandchild’s education. In the past, any contributions or distributions from a grandparent’s 529 college savings plan were subject to FAFSA reporting, potentially […]

Your Most Important New Year’s Resolution: A Kids Protection Plan

January 9, 2024

ESTATE PLANNING,

As we welcome the New Year, filled with hope and resolutions for a brighter future, if you have minor children or grandchildren, put this commitment at the top of your list– a Kids Protection Plan ®. Even if you have already named legal guardians for your children (or your siblings have done it for their […]

Hiring a Lawyer: What Flat Fees, Hourly Fees and Retainer Billing Could Mean For Your Life and Family

January 2, 2024

ESTATE PLANNING,

Trying to find the right lawyer to help with legal matters, especially if you are under the gun in a crisis situation, but even if you aren’t, can often feel like navigating uncharted waters. You want to find an attorney you like who will understand your family’s needs, but you also have to consider the […]

What Caregivers Need to Know About Estate Planning for a Loved One With Dementia – Part 2

December 27, 2023

ESTATE PLANNING,

Last week, we started our discussion on estate planning for a loved one with a dementia diagnosis and what this means for their ability to protect their wishes through an estate plan. We covered: What it means to have mental capacity or be incapacitated How dementia affects capacity for estate planning purposes The essential estate […]

What Caregivers Need to Know About Estate Planning for a Loved One With Dementia – Part 1

December 20, 2023

ESTATE PLANNING,

Caring for a loved one with dementia is a challenge that millions of families undertake each year. As a caregiver, understanding how a dementia diagnosis affects your loved one’s legal decision-making is crucial to ensuring their wishes are honored and that you are providing them with the best possible care. In this blog, we’ll explore […]

Holding Space for Grief: Ways to Comfort and Support A Loved One in Mourning

December 11, 2023

ESTATE PLANNING,

Losing a loved one is an incredibly challenging experience, and the journey through grief can be both complex and overwhelming. Unfortunately, we all experience grief at one time or another, and knowing how to manage your own grief and how to be there for others who are grieving is an important skill that can improve […]

Holding Space for Grief: Ways to Comfort and Support A Loved One in Mourning

Have Unused 529 College Savings? Roll Them Into a Roth in 2024

December 4, 2023

ESTATE PLANNING,

A 529 college fund is a tax-advantaged savings account that is designed to help families save for their children’s college education. With the SECURE 2.0 Act, Congress expanded the ways you can use these accounts by introducing a new rollover option, which is especially helpful if the beneficiary has money left over after their education […]

Own a Business? Do This By December 31st to Get a Year-Long Extension To The Corporate Transparency Act Reporting Deadline

November 27, 2023

BUSINESS PLANNING,

Business ownership is a fulfilling and exciting endeavor, but it also comes with rules, responsibilities, and reporting requirements that can be hard to track. If you own a small business or have a Trust that owns a business interest, you’ll need to comply with the Corporate Transparency Act (CTA) come January. Beginning January 1, 2024, […]