7 Personal Financial Resolutions for 2022

7 Personal Financial Resolutions for 2022

It’s almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year’s resolutions often focus on eating less and exercising more, you should also give some thought to your financial fitness. Here are...
Seeking Tax Shelter Through Charitable Trusts

Seeking Tax Shelter Through Charitable Trusts

If you would like to reduce taxes and give to charity while you meet the financial needs of your family, a charitable trust may be a worthwhile estate planning tool. When families sell highly appreciated assets, they must pay capital gains tax. However, contributing...
Duties of a Trustee

Duties of a Trustee

Whether you need to select a trustee, you have recently become a trustee, or you are a beneficiary of a trust, you can benefit from knowing the duties of the trustee. This article reviews some of the duties of a trustee in order to provide a clear understanding of...
Handling Estate Plans After Remarriage

Handling Estate Plans After Remarriage

While estate planning can have complexities for all families, additional complications may exist for those who remarry. On top of considering your spouse and children in your current marriage, you may have children from prior marriages and stepchildren. Ensuring that...
When It Comes to Trusts, Should You Choose Silence?

When It Comes to Trusts, Should You Choose Silence?

The idea of leaving a significant inheritance to your children or grandchildren may give you pause. Could the promise of wealth make your heirs act financially irresponsible or reckless? Anticipating a cash cushion, will they neglect their education or fail to pursue...
Don’t Let Anyone Contest Your Will

Don’t Let Anyone Contest Your Will

In most cases, by the time family members read the deceased’s will, they already know its contents and don’t object to them. But in some instances, wills can leave relatives feeling deceived, angry, and ready to take legal action. To prevent someone from contesting...