Bill Gordon, AIF® Over the past few months, some clients have approached me regarding the need for a power of attorney so I thought I would take a few moments to cover the topic. As always, if you have questions reach out to us. The point of the POA. A power of attorney (POA) is … Continue reading The Need for Power of Attorney
Bill Gordon, AIF® If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those financial challenges. Most importantly, a special needs trust may … Continue reading Ways to Fund a Special Needs Trust
Sunwook Jin, CFP®, CRPC®, CMFC®, EA The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate strategizing for married LGBTQ+ couples. If you are filing a joint tax return for this year or are considering updating your estate strategy, here are some important things to remember. Keep in mind, this article is for … Continue reading Tax & Estate Strategies for Married LGBTQ+ Couples
Bill Gordon, AIF® The San Diego Padres signed infielder Fernando Tatis, Jr., to a 14-year, $340 million contract roughly one year after the Los Angeles Dodgers inked outfielder Mookie Betts to a 12-year, $365 million deal. That brings the total to 8 baseball players who have signed long-term, $300+ million contracts according to CBSSports.com. From … Continue reading Baseball’s $300 Million Players
Bill Gordon, AIF® With one year ending and a new one on the cusp of starting, many people will consider their resolutions—not their estate strategy. But the end of the year is a great time to sit down and review your preparations, especially when you're spending more time with your loved ones; even more important … Continue reading Year End Estate Strategies
Bill Gordon, AIF® As a business owner, you’ve worked hard for your success. The long hours, the difficult decisions, and the sacrifices you have made have led to where you are today. The last thing you want is to suffer a disruption to your business. If there is anything that the COVID-19 pandemic has taught … Continue reading Business Continuity Plans
Create a will if you do not yet have one. A valid will may save your heirs from some expensive headaches linked to probate and ambiguity. A solid will drafted with the guidance of an estate planning attorney will likely cost you a bit more than a “will-in-a-box,” but may prove worth the expense. Complement … Continue reading An Estate Planning Checklist
The federal estate tax exemption for 2019 is a whopping $11.4 million -- and twice that for a married couple. It is estimated that only 1,900 estates will be subject to the tax in 2018 -- less than 0.1% of the 2.7 million expected deaths in that year.1 So why then should any but the … Continue reading Should You Trust Your Estate Plan?
By Helen Hartman, CRPC® Through my years of meeting with many clients and prospects, I have found people are not always familiar with the legal documents necessary to organize their affairs and finances. Legal documents can be adjusted as life changes but it is important to have them composed. No matter an individual’s age, it … Continue reading 4 Important legal documents for everyone
By Helen Hartman, CRPC® Estate planning is an important limb of overall financial planning. Trusts, as defined in the article “what is a trust”, offer a variety of options for clients to control distribution and ownership of assets. As clients determine their plan, it is helpful to know about options of formulation. A Trust entity … Continue reading So many Trusts, what does it all mean?