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What Are Advance Healthcare Directives and Why Do I Need Them?
Preparing for end-of-life care and decisions is uncomfortable and can feel morbid. Still, preparation can ultimately be a comfort to you and your family if and when the time comes to carry out those directives. The U.S. population continues to age, and medical innovations are prolonging lifespans. This means that almost everyone will experience making…
Read More10 Reasons You Need a Will
In the event that you die or become incapacitated, have you adequately entrusted your assets to those you love? Wills are not just for the wealthy. According to caring.com, only 22.5% of 35–54-year-olds and only 44% of 55+ year-olds have estate planning documents. The Covid-19 pandemic also prompted younger people to see the importance and…
Read MoreGuide to 529 Plans
Saving for your children’s or grandchildren’s college education can seem like a daunting task, especially with the skyrocketing costs of higher education. Since 2000, the average annual cost to attend a U.S. college has more than doubled—and it shows no signs of slowing. According to Sallie Mae’s annual How America Pays for College report, American…
Read MoreInspiring Women in Retirement: How to Ensure You’re on the Right Path
What you should know, key planning elements & why men should listen up, too! Planning for retirement and beginning this stage of life is multi-layered. It’s true that 90% of all women will eventually be solely in charge of household finances.1 This data is compounded by the fact that only 20% of women feel very…
Read MoreDuties and Responsibilities of Trustees of a Living Trust: What You Need to Know
What Is a Living Trust? A living trust is an entity, a legal document, that houses your assets (investments, bank accounts, real estate, valuable personal property) in a way that avoids probate and transfers them to others in a timely and cost-effective manner. Read more about that here. A vital aspect of a living trust…
Read MoreWhat Is a Living Trust and Why You Should Have One
Estate planning is important, no matter your age, wealth, or financial assets or status. Basic estate planning often covers a will and advanced healthcare directives, which lets your medical team and family know your wishes for your health and care in life-threatening medical situations. A living trust is an extension of estate planning—more advanced and…
Read More7 Strategies to Cut Your Tax Bill
Here are 7 strategies you can use besides deductions and credits to cut your tax bill: Tweaking your W-4 to increase your withholding if you have a huge tax bill. Decrease your withholding if you received a huge refund. Putting Money directly from your paycheck into a 401(k). This prevents the IRS from taxing whatever…
Read MoreHow to Avoid Probate
As you may know, probate is the legal process of “proving” a will after someone’s passing. Often times this process can take months, even years to resolve or conclude. Once probate begins after a person dies, that person’s assets become part of his or her estate unless those assets were co-owned by someone else, such…
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