Asset Protection in Estate Planning

You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others. To insulate your property from such claims, you’ll have to evaluate each tool in terms of your own situation. You may decide that insurance and a Declaration of Homestead…
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More than Money – Live Chat

With the current dramatic changes surrounding us, your finances may be causing you extra stress and anxiety. We want to change that. Every week on Tuesday at 1pm CST we will be LIVE talking about money and giving you tips and tricks to help you manage your money on a daily basis as well as longer term financial planning. Topics will include estate planning, investing, the market and economy, insurance, protection planning, budgeting, and more. Tune in each week to…
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More than Money – Live Chat

With the current dramatic changes surrounding us, your finances may be causing you extra stress and anxiety. We want to change that. Every week on Tuesday at 1pm CST we will be LIVE talking about money and giving you tips and tricks to help you manage your money on a daily basis as well as longer term financial planning. Topics will include estate planning, investing, the market and economy, insurance, protection planning, budgeting, and more. Tune in each week to…
Continue reading More than Money – Live Chat

More than Money – Live Chat

With the current dramatic changes surrounding us, your finances may be causing you extra stress and anxiety. We want to change that. Every week on Tuesday at 1pm CST we will be LIVE talking about money and giving you tips and tricks to help you manage your money on a daily basis as well as longer term financial planning. Topics will include estate planning, investing, the market and economy, insurance, protection planning, budgeting, and more. Tune in each week to…
Continue reading More than Money – Live Chat

More than Money – Live Chat

With the current dramatic changes surrounding us, your finances may be causing you extra stress and anxiety. We want to change that. Every week on Tuesday at 1pm CST we will be LIVE talking about money and giving you tips and tricks to help you manage your money on a daily basis as well as longer term financial planning. Topics will include estate planning, investing, the market and economy, insurance, protection planning, budgeting, and more. Tune in each week to…
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The Struggle We Face With Aging Parents

Recently we have been helping so many clients deal with their parents and estate planning. Coming to the realization that we need to take extra care of our parents later on in life is one of the most difficult things to deal with. It is hard to talk to anyone about money, let alone your parents. Regardless of whether you and your parents have always talked freely about money or never discussed the subject, there are several considerations you may…
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Hindsight in 2020: What Will You Do Differently This Year?

According to a recent survey, 76% of Americans reported having at least one financial regret. Over half of this group said it had to do with savings: 27% didn’t start saving for retirement soon enough, 19% didn’t contribute enough to an emergency fund, and 10% wish they had saved more for college.1 The saving conundrum What’s preventing Americans from saving more? It’s a confluence of factors: stagnant wages over many years; the high cost of housing and college; meeting everyday…
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Taxation of Investments

It’s nice to own stocks, bonds, and other investments. Nice, that is, until it’s time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? Is it ordinary income or a capital gain? To determine how an investment vehicle is taxed in a given year, first ask yourself what went on with the investment that year. Did it generate interest…
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5 Reasons to Prioritize a Lasting Legacy

Have you been dragging your feet on estate planning? You are not alone. Nearly 64% of U.S. adults do not even have a will, including 51% of people age 55 to 64, according to the website Rocket Lawyer. But a lack of an estate plan, or an outdated one, leaves you and your family vulnerable. Your assets could get tied up in the costly court probate process after death. Your loved ones might have to make difficult decisions about your…
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Organizing Your Finances When Your Spouse Has Died

Losing a spouse is a stressful transition. And the added pressure of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make dealing with these matters less difficult. Notify others When your spouse dies, your first step should be to contact anyone who is close to you and your spouse, and anyone who may help you with funeral preparations. Next, you should contact your attorney and other financial professionals. You’ll…
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