How Are Survivorship Life Insurance Policies Helpful In Estate Planning?
Having a detailed plan for the future is crucial, especially when it relates to protecting your assets and valued loved ones. Survivorship life insurance policies can play an important role in estate planning by...
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Estate Planning Asset Protection
Asset protection is a collection of methods and planning strategies used to legally protect individual or business assets from legal judgments, taxes, seizures, lender claims or unwanted beneficiaries like ex-spo...
Are Estate Planning Fees Tax Deductible?
Prior to 2018, the IRS did allow itemized deductions on eligible estate planning fees until the Tax Cuts and Jobs Act of 2017 (TCJA) changed that rule. This means that estate planning fees are no longer deductibl...
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What is Estate Planning vs Will?
Many people consider estate planning and creating a will the same, however one is just part of the other. Basically, an estate plan is a more widespread plan of action for your assets that may apply throughout yo...
What Is Portability In Estate Planning?
Essentially, portability in estate planning is a tax provision that allows the surviving spouse to add any unused estate tax exemption of the deceased spouse to their own. What Does Portability Mean In Estate Pl...
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What Is The Role Of An Executor In Estate Planning?
In an estate plan, the executor of the estate is an individual responsible for administering the last will of a deceased person, ultimately carrying out the instructions to manage the affairs. What Is An Executo...
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Reviewing & Updating Your Estate Plan
After you have established your estate plan, make sure it stays well-constructed by revisiting it on a regular basis or at significant life events. A lot of individuals review their estate plan at regular freq...
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Common Estate-Planning Mistakes
Even though every estate plan is unique, a lot of estate planning mistakes are not. In spite of the details of your personal circumstance or your estate objectives, it's worth your while to examine these 6 common...
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