The New Year brings with it a renewed outlook and fresh resolutions. We vow to get organized, eat healthier, and lose those last stubborn 10 pounds. But many of us overlook one simple and practical resolution that could have a profound effect on our lives, not to mention the lives of those we love. What’s that resolution? Create a basic estate plan. It’s not hard to get started. First, find an experienced estate planning attorney. Call to make an appointment, and then relax. The attorney’s … [Read more...]
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Top 10 Reasons for Periodic Estate Planning Review
Some people think that estate planning is a once in a lifetime project. But, as John F. Kennedy said, “change is the law of life.” Periodic review of an estate plan is essential to ensure that your plan continues to accomplish your goals in the most effective manner. Here are the top 10 reasons you need to review your estate plan periodically: For these and many other reasons, it is important to consult with a qualified estate planning attorney to review … [Read more...]
New Year Brings Resolutions…. and More
At the start of a New Year we are each given an opportunity to reflect on the past year’s ups and downs and gain a new perspective for the coming year. We look back at the good times: the holidays, vacations, birthday parties, and births of new children and grandchildren. We look back at the challenging times: the economic stresses, illnesses, and other hardships. As we reflect, we have an opportunity to reorganize our priorities and goals. As we reassess our lives, we plan for the future, … [Read more...]
Be Prepared With Year-End Tax Strategies
As the year draws to a close, tax season might be the last thing on your mind. But even if you’re more focused on holiday cards than tax returns, it’s worth taking a few moments to consider whether some end-of-year planning could result in a lower income tax bill next spring. For most people, the best strategy is to defer income into the following year and to move as many deductions as possible into the current tax year. This strategy assumes that your income will not increase dramatically … [Read more...]
Proper Planning Protects Your Vacation Home
A vacation home is a special place for a family. You buy a beach house or a cabin at the lake with visions of the long, lazy summer days and holidays you’ll spend with your children…and eventually your grandchildren. You dream of the memories you’ll make, and you look forward to passing the home on to your children and grandchildren so that they can do the same. Sadly, without a well-drafted estate plan, these hopes can turn to disappointment. For instance, if you leave behind a Will, … [Read more...]
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