The SECURE Act 2.0: What It Means for Your Retirement Strategy
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, signed into law in December 2022, introduced sweeping changes aimed at improving retirement readiness for Americans. As a follow-up to the original SECURE Act of 2019, this new legislation provides greater flexibility, enhanced savings opportunities, and significant tax planning advantages for individuals and small […]
What is an estate plan?
Estate planning is an important part of financial planning. Not only does it help document your wishes regarding how your wealth and property will be distributed upon your death, in some instances, it can reduce the tax liability for your heirs. Whereas a will outlines who you want your assets to be allocated to, an […]
3 More Reasons You Need an Estate Plan
Earlier this month, we posted blogs that discussed some of the tax benefits of having an estate plan—but there are lots of other ways you can benefit. For this blog post, we wanted to highlight 3 other reasons you should talk to your CPA about how to set one up. An estate plan can help […]
Tax benefits of estate planning- part 2
Many accountants advise their clients to consider estate planning. In addition to giving you the peace of mind that comes with knowing your estate and assets will be distributed according to your exact wishes, estate plans have a lot of tax benefits.
Tax benefits of estate planning- part I
Most people understand the importance of preparing a will- but they do not know that preparing an estate plan has significantly more benefits. And while a lot of people assume that estate plans are only for the ultra-rich, this could not be farther from the truth.
Top 3 Ways to Get Your Finances in Order
2020 has been a crazy year for all of us—and if you’ve decided that you want to get your finances in order, before the year comes to a close, now is a great time to do it. The good news is that getting your financial house in order isn’t nearly as complex as you might […]
What is Estate Planning?
Many people assume that as long as they have a will, that upon their death, their assets will be disbursed according to their wishes. This isn’t always the case. Although a will can specify how an individual’s minor children and property should be handled, it does not cover everything. That, and estate plans (and trusts) […]
What is Estate Planning?
Estate plans aren’t just for the ultra-rich. In fact, most people don’t realize they already have an estate, regardless as to whether they’re aware of it. For example, estates encompass far more than mansions, yachts and trust funds. They include things such as retirement accounts, checking and savings accounts, investment accounts, vehicles and real property. […]
How Does Estate Planning Work?
If you read our last blog and you’re interested in learning more about how to set up a financial estate plan, you may have questions about how to get started. To recap, an estate plan provides binding instructions as to how a person’s assets will be distributed in the event of their death or incapacitation. […]