According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be guilty of these from time to time, other types of “sins” can be fatal to an estate plan if you’re not careful. Here are seven transgressions to avoid. Sin #1:...

Roth IRAs offer significant financial and estate planning benefits. If you have a substantial balance in a traditional IRA and are considering converting it to a Roth IRA, there may be no better time than now. The Tax Cuts and Jobs Act (TCJA) reduces individual income tax rates through 2025....

Is your pet like a member of the family? If so, you may want to revise your estate plan in case your pooch or feline outlives you, just like other family members. The optimal approach may be to use a so-called “pet trust.” Pet trusts have been around for decades,...

Trusts come in all shapes and sizes. However, from an income tax perspective, there are basically two types: grantor trusts and nongrantor trusts. Generally, with a grantor trust all trust income is taxed directly to the grantor — the person establishing the trust — and assets in the trust may...

The process of administering an estate is a very complex and time-consuming process. It is because of this that it is important to be prepared if you have a loved one that recently passed away. During this time, it is beneficial to retain the services of a compassionate and experienced...

When a person creates an estate plan, there are many options to consider. This is not only to prepare for their future but the future of their loved ones. Often times, people have others who are dependent on them that face certain challenges and need extra assistance. Questions can arise...

The process of selling a home can be time-consuming and challenging. This is especially so if you have never done it before. Without any prior experience, first-time home sellers can make a lot of mistakes. It is important to be prepared before selling a home. The following are common mistakes...

Most people have heard of life insurance but are not completely sure what it entails. When considering purchasing life insurance, it is important to understand the potential benefits and drawbacks. With the assistance of an experienced attorney, this process does not have to be a difficult one. Continue reading to...

An estate plan takes care of two major things: what happens to your assets when you die and who takes care of you if you become incapacitated. These two goals do not change if the individual creating the estate plan is married or not. It is because of this that...

Over the years as times have changed, the way people wish to do things has changed as well. This can include writing a will. As technology and access to information evolves, people sometimes want to create their will on their own. However, this part of a person’s life may be...