Blog
Incapacity Planning II: Two Essential Documents for Managing Your Finances
There are two essential legal documents for managing your finances that must be in place prior to becoming incapacitated. Once you are incapacitated, you cannot initiate, sign or approve them: 1. Financial Power of Attorney. This legal document gives your selected...
It’s Not Just Death and Taxes: Creating a Reliable Incapacity Plan
Estate planning is not just about having a plan in place to deal with what happens at your death. It’s about having a reliable plan in place to deal with what will happen if you become incapacitated—and knowing the potential consequences of not having a plan. What are...
Five Things You Need to Know About the Recently Enacted ABLE Act
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered...
Help Clients Avoid Estate Disputes and Create a Lasting Legacy
Clients often want to leave some kind of legacy behind. It could be setting up children and grandchildren for life, with no financial worries. Maybe endow a professor’s chair at their alma mater or build a wing on the local children’s hospital. Or they want to make...
Making Decisions for a Child with Special Needs Who Becomes an Adult
Parents of children with special needs must be concerned with ensuring that medical and financial decisions will continue to be made in the child's best interest once the child reaches age 18 -- the age of legal capacity. In most states, once a child reaches age 18,...
Proceed with Caution: Using 401k Money for Starting a New Business
Many of our clients have always dreamed of starting a business. Times are tough, though, and despite many years of experience in the workforce, they know their chances of getting a bank or small-business loan are slim. But there's a way to put their years of work to...
