Estate Planning Archives

4 Easy-to-Overlook Estate Planning Mistakes

It’s easy to avoid making an estate plan, but not having one won’t be easy on your loved ones. Having your affairs in order can be a big help to your family, so consider creating a comprehensive estate plan. Unfortunately, there are many easy-to-overlook estate planning mistakes, such as not naming beneficiaries on retirement accounts, not doing so properly, or forgetting to update your estate plan. Not Naming Beneficiaries Many people don’t realize that they need [...]

Rebecca Mack2022-09-01T15:41:06+00:00September 1, 2022|Estate Planning|

Legacy Planning – Thinking About the Next Generation

You’ve probably passed on pieces of wisdom to your children, but have you considered how you’ll pass on your wealth? Now that you’re reaching a certain age, you may be wondering how you’ll pass on family heirlooms, property, or the wealth you’ve built over many years. Proper legacy planning could be one of the greatest gifts you give your loved ones. However, you may be delaying the process of creating an estate plan because you’re thinking, [...]

Rebecca Mack2022-07-22T17:06:00+00:00July 22, 2022|Estate Planning|

Estate Planning 101

Did you know that Baby Boomers will pass down an estimated $68 trillion in wealth in the coming decades?[1] You’ve worked hard for your money and want to see it passed down in the most efficient way possible for your loved one’s benefit. Unfortunately, costly mistakes are all too easy to make. Understand the basics first, and then create an estate plan. A Will vs. a Trust Wills and trusts are both important estate planning tools [...]

Rebecca Mack2022-02-24T19:00:58+00:00February 24, 2022|Estate Planning|

Where Could Interest and Tax Rates Be Headed?

Are you aware of the latest news that could affect your money? We recently heard from Federal Reserve Chairman Powell regarding interest rates, plus the Biden administration released a “Green Book” outlining some potential tax-increasing measures. There are several big changes proposed, and if they come to fruition, you may need to review your tax minimization strategy. The Latest from the Federal Reserve Powell indicated the possibility of interest rate increases in 2023. The Fed’s projections [...]

Rebecca Mack2021-07-30T15:15:48+00:00July 30, 2021|Estate Planning, Federal Reserve, Financial Planning|

Preparing the Next Generation to Inherit Wealth

Estate planning is an important part of retirement planning for many reasons: You've worked hard for your money and want to see it passed down in the most efficient way possible for your loved one’s benefit. Unfortunately, costly mistakes are all too easy to make. Without careful planning and discussion, you could end up passing on a larger tax burden and leaving heirs uncertain about what to do. It’s important to discuss how you plan to [...]

Rebecca Mack2020-08-31T16:45:59+00:00August 31, 2020|Estate Planning, Financial Planning|