Estate planning mistakes can be expensive and happen to even the most thorough of people. This is a list of common estate planning mistakes we have either seen or gathered from sources. Not having an estate plan. What would be a list of planning mistakes if we did not start with the most obvious and […]
Do you really need a revocable trust estate plan? We have no hard and fast rule on this subject because there are additional upfront costs and then continuing costs of a revocable trust plan. The continuing costs revolve around making sure certain assets are in the revocable trust or made payable to the revocable trust […]
Thinking about starting a side gig? You are part of a growing trend. Forbes[1], Business News Daily[2], Time[3], and Fast Company[4] have all published articles within the last year discussing success stories and tips for an ever-growing sector of workers who are starting businesses outside of their 9-to-5 job. This work as an independent contractor, […]
The Trump administration is proposing a complete repeal of the Federal estate tax. The federal government currently levies a tax on all assets owned at time of death. Using federal tax credits, the first $5.49 million in assets are exempt from federal estate tax. In return for being subject to the federal estate tax, all […]