Four Important Considerations If You Win The Lottery Managing An Unexpected Wealth Win: What To Do On February 14, 2023, California state lottery officials named the winner of the largest lottery prize in United States history: Edwin Castro won an eye-popping $2.04 billion in a November 2022 lottery drawing, choosing a lump sum payment [...]
The Crossroads Of Estate Planning & Immigration: Key Concepts In International Estate Planning International estate planning is a growing trend for many families in the United States and throughout the world. Unfortunately, some families don’t realize the legal issues involved in their estate plan until it is too late to take advantage of the [...]
Ways Your Will Can Be Revoked Importance Of Having A Will & The Need To Keep It Updated A will (which should be accompanied by other important documents such as healthcare and financial powers of attorney, as well as an advance healthcare directive) is a foundational estate planning document. However, according to Gallup, only [...]
Have You Chosen The Right Trustee? What's The Difference Between A Trust & A Trustee Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also in providing for and protecting your loved ones. What [...]
Why The Knives May Come Out At Death Lessons On Estate Planning To Avoid Family Problems The box office success of the 2019 murder mystery Knives Out led to franchise status, with Glass Onion, the first sequel, released in late 2022. The original Knives Out featured whodunit intrigue surrounding the murder of a wealthy [...]
Three Things You Need To Do When Your Spouse Dies What To Do If Your Spouse's Will Or Trust Has A Disclaimer Provision Losing your spouse is one of the most difficult things you might face in life. Although it is important to take time to grieve, there are also some crucial steps you [...]
The Deceased Spouse’s Unused Exemption Amount: A Spouse’s Final Gift Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election as part of the 2010 Taxpayer Relief, Unemployment Insurance Reauthorization, and Job Creation Act and making it permanent in the [...]
Have You Thought Through Your Retirement Plans? Crucial Factors To Consider When Planning Your Retirement Beginning your retirement is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able to focus your energy on the next phase of your life. However, before you [...]
Spring Break Checklist After a long, cold winter, many of us—from the young to the more mature—are ready to make plans for spring break. As your client’s trusted advisor, you can provide valuable reminders to clients who will travel to take advantage of warmer weather and those who will enjoy their spring break at [...]
What You Need To Know About Beneficiary-Controlled Trust The Pros & Cons Of Creating A Beneficiary-Controlled Trust Would you like to provide your children or loved ones with an inheritance but protect them from the risks that may accompany a large windfall? If so, you can create a beneficiary-controlled trust in which the person [...]
