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Elevators and escalators can usually be found in any building that has more than one floor. This leads many people to use them every day. While these machines are not usually thought of as dangerous, serious accidents can happen in the event that they malfunction. This may occur if they...

Trucks are the most dangerous vehicle on the road. Not only does their immense size and weight make it difficult to drive, but the drivers themselves have a taxing job that requires many hours on the road. When truck drivers act negligently and do not follow the rules of the...

Many people love to give back to their community during their life. Sometimes, they even like to do so after their life is over. This can be accomplished through specific creations in an estate plan. If you would like to include charitable planning in your estate plan, it is beneficial...

Walking is an everyday activity that is not usually seen as dangerous. However, when conditions outside are poor and not taken care of by those obligated to do so, accidents can happen. While these can sometimes be due to a person’s own clumsiness, they can also occur due to the...

People operate cars every day as a method of transportation to get to where they need to be. While all drivers are legally required to be safe and drive to the best of their ability, not all fulfill this obligation. Instead, some people are negligent and drive in a way...

It is important for anyone to create a comprehensive estate plan at some point throughout their life. While the process can prove to be complicated, it benefits you in the long run. However, there are many ways a simple mistake can be made along the way. It is because of...

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...