What Does ‘Community Property’ Mean?
May 5, 2022
You may have heard the term “community property.” However, do you know exactly what it means or how it could affect you?
You may have heard the term “community property.” However, do you know exactly what it means or how it could affect you?
If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.
A common and often costly mistake when it comes to business succession planning is not starting the process early enough.
While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that our pets are well cared-for when and if we are no longer able to care for them ourselves.
Two years into the pandemic, countless lives have been impacted by COVID 19. Faced with daily reminders of the consequences of this illness, estate planning seems to be on the minds of many. The increase of the federal estate and gift tax exemption is a welcome adjustment to taxes on Americans.
It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:
Japanese study found older male golfers were 37% less likely to get dementia.
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
Once more hesitant to plan ahead, clients in today’s environment are much more proactive and willing to take action in the near term, rather than waiting and risking having to pay higher taxes down the line.
No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
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