No matter how much you have saved or accumulated throughout your life, multi-generational planning becomes an important part of your financial life. In part 1 of this series, we address some common questions and concerns we encounter when speaking to our clients. We’ll talk about: probate, how to set up accounts and real estate to potentially avoid probate, step up in cost basis, durable powers of attorney, and the basics of IRA's.
According to Cerulli Associates, nearly $70 Trillion will transfer from one generation to the next. For some, an inheritance could be a life-changing event. For others, it could create a new set of problems. If you are inheriting money, what should you do?
Protecting your income and your assets is a key part of any financial plan. And normally when we plan for this, we are talking about life insurance. There are several ways insurance can be an effective tool to provide the protection you need.
One of the most frequent questions asked during client meetings is "What Happens to my IRA when I Die?" We look at the rules that apply to your spouse, your minor children, and other types of beneficiaries.
What happens to your financial situation when your spouse dies? Today we discuss how losing a spouse can impact your income, your savings, and your taxes. We will also share some more updates for 2022 to help you better plan for your future.
