by Amy Delaney | Jun 12, 2023 | Estate Planning
In order to maximize wealth preservation and minimize tax liabilities, many legal strategies are developed for high-net-worth families. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act...
by Amy Delaney | Jun 5, 2023 | Estate Planning
In wealth transfer and estate planning, some people seek strategies that will preserve their assets as well as provide them with lifetime benefits. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals to...
by Amy Delaney | May 15, 2023 | Estate Planning
Having pets brings you joy and comfort, and they are likely considered beloved family members by you. Since you love them, you give them the best life you can. But what if you were suddenly unable to care for them? Who would care for your pet if you were to die or...
by Amy Delaney | May 10, 2023 | Estate Planning
In order to discuss their finances with your parents as they age, you might mention events like the Coronavirus pandemic and how it will affect future economic conditions. The conversation should come from a place of love and concern. Speak respectfully about how...
by Amy Delaney | May 8, 2023 | Estate Planning
Over multiple generations, it is necessary to plan and invest carefully to build lasting wealth. Without specific plans to create and transfer your legacy, statistically, 70 percent of wealthy families will lose that wealth in the subsequent generation, and 90 percent...
by Amy Delaney | May 1, 2023 | Estate Planning
The importance of estate planning cannot be overstated. If you’re a young couple with minor children, estate planning can help protect your family in case of a medical emergency, such as incapacitation or death. While it’s difficult to think about what happens...
