As a parent, it can be difficult to sleep soundly knowing that your children are not financially stable, no matter what their age. That’s why you should start thinking about estate planning. Estate planning is...
A Federal Wealth Tax Was Introduced in the Senate. Here’s What Affluent Families Need to Know
Several U.S. senators have proposed new legislation to raise $3 trillion in tax revenue over the next decade. Called the Ultra-Millionaire Tax, the proposed legislation comes in response to the economic turmoil Americans have experienced throughout...
What is a Mega Backdoor Roth IRA? Here’s How to Take Advantage of the Tax Savings
Having the financial resources necessary to enjoy retirement is key to this exciting stage of life. You’ve likely heard of a backdoor Roth IRA, but for some looking to maximize their withdrawals in retirement, a...
Avoid These Mistakes When Setting Up a Living Trust
Avoid These Mistakes When Setting Up a Living Trust It’s hard to think about the end of your life while you’re still in your prime. But the facts don’t lie. Statistically speaking, the younger you...
As Biden Secures the Presidency, What Could it Mean for Your Future Estate Taxes?
Joseph R. Biden, Jr. will unseat current President Donald J. Trump this month, making him the 46th President of the United States. With a record-breaking voter turnout and a stressful week awaiting election results, most...
You’ve Inherited an IRA. Now What?
If you’ve been named a beneficiary or inherited an IRA, you’re likely facing some tough questions — what are the next steps, and what happens now? Governing bodies like the IRS and recent legislation such...
5 Steps to Managing an Inheritance for High-Net-Worth Individuals
Receiving an inheritance brings with it a wide range of emotions - grief for the loved one you lost and eagerness or excitement for the bequest you’re about to receive. As you tackle the responsibility...
A Guide to Trusts for Estate Planning
Many Americans understand the importance of estate planning, yet an alarming percentage of adults do not have arrangements in place. According to a 2019 survey, 51% of people believe having an estate plan is necessary,...
4 Areas of Your Estate Plan to Review in Light of COVID-19
Although COVID-19 related restrictions are beginning to ease, many people continue to help slow the spread by staying home and self-isolating. There are still unknowns related to the pandemic and how it will play out,...