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4 questions single parents should ask about their estate plans
Did you know that the United States has the highest rate of children living in single parent households? According to the Pew Research Center, nearly a quarter (23%) of U.S. children under the age of 18 live with one parent. If your household falls into this category, ensure that your estate plan properly accounts for […]
Fortify Your Assets Against Creditors With a Trust
You may think of trusts as estate-planning tools, i.e., vehicles for reducing taxes after your death. While trusts can certainly fill that role, they’re also useful for protecting assets, both now and later. After all, the better protected your assets are, the more you’ll have to pass on to loved ones. Creditors, former business partners, […]
Estate Planning in 2020: Consider a SLAT
Some of the most effective estate-planning strategies involve setting up irrevocable trusts. For a trust to be deemed irrevocable, you’re effectively removing those assets from your taxable estate. This may be an especially pertinent question in light of the current economic downturn resulting from the novel coronavirus (COVID-19) pandemic. If you’re married and feel as though […]
