The world is an unusual place. Things you’d never expect to happen sometimes actually do happen. There are natural disasters and unusual phenomenon. It’s important to prepare, not just for the unexpected but the eventual, as well. Read on to learn more. My friend and colleague Steve Hartnett, an estate planning expert, shares his thoughts. … [Read more...] about Preparing for the Unexpected…and the Eventual
Estate Planning
Make Your Advance Health Care Directive Before It’s Too Late
An advance health care directive is a written document authorized under California law that allows you to take control of your medical care. By creating an advance directive before you become too ill to refuse certain medical treatments, you can take control of your future health care while you are still mentally able to do so. However, if you become mentally incompetent or unable to create an advance directive, you lose control of the ability to choose medical treatments. Some states refer … [Read more...] about Make Your Advance Health Care Directive Before It’s Too Late
Who Will Manage Your Finances If You Become Incapacitated?
If you become incapacitated at any point in your life, who will manage your finances? You may think that you know the answer to that questions, but from a legal perspective you may not. Incapacity can happen slowly as part of the natural aging process or can happen in a moment as the result of the tragic accident. Regardless of how you become incapacitated, someone will have to manage your finances. If you are married at the time you become incapacitated, your spouse may have access to some … [Read more...] about Who Will Manage Your Finances If You Become Incapacitated?
What Happens if You Don’t Make Changes to Your Estate Planning Documents After Divorce
If you don’t make formal changes to your estate planning documents after divorce, you may be overlooking many important things. Most estate planning lawyers strongly recommend reviewing your estate planning documents before and after important life changing events, including divorce. In most states, spouses who fail to remove their former spouses as beneficiaries in their Wills may be able to rely on their state’s default probate laws, but in some situations, this may be insufficient. You may … [Read more...] about What Happens if You Don’t Make Changes to Your Estate Planning Documents After Divorce
Puerto Ricans are Unique, as Is Estate Planning for Them
Puerto Ricans hold a unique position under U.S. law. U.S. estate taxation treats those from Puerto Rico different from other U.S. citizens or citizens from other countries. My friend and colleague Steve Hartnett, an estate planning expert shares his thoughts. Read on to learn more. … [Read more...] about Puerto Ricans are Unique, as Is Estate Planning for Them
Use the Exclusion or Lose It
Currently, each person can give $11.58 million during life or at death. However, that amount will be cut in half by January 1, 2026. It may go down even sooner according to my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn why and how you should use it before you lose it. … [Read more...] about Use the Exclusion or Lose It
Building Flexibility into Your Plan
There are all sorts of formalities to an estate plan. Does that mean you can’t change anything by yourself? Read the blog by my friend and colleague Steve Hartnett, an estate planning expert, to learn how your estate plan, if done properly, can give you the flexibility to make changes by yourself as to certain assets. Read on to learn more. … [Read more...] about Building Flexibility into Your Plan
Planning for Incapacity
There is more to estate planning than disposing of your assets after your death. Planning for your incapacity is just as important. Read this post by my friend and colleague Steve Hartnett, an estate planning expert, to learn more about how incapacity planning can save you and your loved ones' anxiety. Read on to learn more. … [Read more...] about Planning for Incapacity
Planning Is Important
Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions. My friend and colleague Steve Hartnett, an estate planning expert, has many good insights to share. Read on to learn more. … [Read more...] about Planning Is Important
Generational Wealth is Key to Leveling the Playing Field
Generational wealth is wealth earned by one generation and passed on to the next. Generational wealth is key to allowing the next generation to be free from the burden of having to live hand-to-mouth and allows them to pursue an education and build a career or business to build a better life for themselves. My friend and colleague Steve Hartnett, an estate planning expert, shares his insights. Read on to learn more. … [Read more...] about Generational Wealth is Key to Leveling the Playing Field
