Estate Planning · January 05, 2021
Biden’s proposed Build Back Better plan would require approximately $7 trillion. Such an astounding amount of revenue most likely means a surge in taxes. Biden’s policy front is zeroed in on high-income taxpayers, and yes, that includes corporations and estates. You might want to plan ahead to minimize legal and financial repercussions arising from these proposed changes. From increased business taxes to lowered itemized deductions, here is an outline of Biden’s economic plans.
Estate Planning · December 11, 2020
Superheroes never die, they just fade away. Chadwick Boseman’s Black Panther legacy will surely live on for years to come. However, with the court currently probing into his million-dollar estate, King T'Challa might be remembered differently by the public. Apparently, the actor died without completing estate arrangements causing his widow to petition to be named administrator. As sad as it sounds, Boseman is one of many celebrities who neglected to create a detailed and thorough estate plan.
Estate Planning · December 07, 2020
With record-breaking 80 million votes, Joe Biden is well on his way to the White House. When he finally takes over in 2021, there will be key changes to watch out for especially in the tax landscape. Biden is set to inherit a battered economy so he is essentially focused on increasing revenue from taxes. As estate owners, now is the perfect time to update your existing estate plan in preparation for a massive political realignment next year. Here are the probable major economic shifts for 2021.
Estate Planning · November 23, 2020
While estate planning is probably one of the last things your teenage kids are thinking about, given the dire threat coronavirus represents, when they turn 18, it should be their and your number-one priority. At 18, they become legal adults in the eyes of the law so you no longer have the authority to make decisions regarding their health care & finances if something happens to them. While you can't totally prevent your child from any unforeseen maladies, you can put a plan in place to assure th
Estate Planning · November 13, 2020
2020 saw the passing of one of Marvel’s greatest superheroes, The Black Panther, King T’Challa. After four years of box office hits and hospital treatments, Chadwick Boseman has succumbed to colon cancer, ending a stellar career and leaving a million-dollar estate behind. However, it turns out that Boseman died without a will. Though this is a fairly common occurrence, such a situation has legal consequences that might take ages to resolve. Not to mention costly and even distressing.
Estate Planning · October 10, 2019
As a parent, your children are your priority and their safety is your main responsibility. In order to make sure your children are safe, even after your death, you must prepare for their care. One of the most important things to decide is who you want your children’s guardian to be if something happens to you. Here are some things to consider when deciding who that perfect person could be or even, people you would never want to leave your children with.
Estate Planning · October 01, 2019
As a parent, your children are your priority and their safety is your main responsibility. In order to make sure your children are safe, even after your death, you must prepare for their care. One of the most important things to decide is who you want your children’s guardian to be if something happens to you. Here are some things to consider when deciding who that perfect person could be or even, people you would never want to leave your children with.