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October is National Special Needs Law Month

Established by the National Academy of Elder Law Attorneys (NAELA) to help those with disabilities and their loved ones better understand special needs planning, October is National Special Needs Law Month!  Let’s celebrate by highlighting some news and trends in special needs care and planning.

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Getting up to Speed on Asset Protection

One of the primary goals for establishing an estate plan is to ensure that your assets ultimately transfer to your heirs and other intended parties. For individuals engaged in business or with sizable wealth, an asset protection plan could be essential in reaching that goal. A carefully crafted plan can help you preserve your tangible property and other assets from creditor threats.

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Creating Health and Education Exclusion Trusts (HEET)

The generation skipping trust tax (GSTT) trips up the plans of clients who wish to leave assets to their grandchildren. The GSTT is the IRS’s way of ensuring such gifts—as well as the grandparent’s estate—do not escape taxation.

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Pre-Vacation Checklist

The last thing you need to worry about while you’re on vacation is something going wrong and not having the document or contact information you need. Allow us to help you organize some of the essential documents, accounts, and types of information you may need while on traveling with this checklist from Everplans! 

Read Checklist Here.

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Getting Up to Speed on Retirement Planning

Everyone dreams of retirement, especially those who hope to retire early. Unfortunately, few of us make financial plans for retirement. The typical American family only has about $5,000 in retirement savings. Some Americans are fortunate enough to have a pension or an employer-sponsored 401(k) plan or smart enough to set up their own individual retirement account (IRA). For them, the concern is less about saving for retirement and more about how to manage retirement savings as part of an estate.

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5 Things to Take Care of Before Your Kids Go to College

May is graduation month. This is a time when many of you may be celebrating your children’s academic achievements, and even getting ready to send them off to college. During this hectic and emotionally tumultuous time, you may be all-consumed with helping prepare your soon-to-be college student for the next phase, causing you to overlook important estate planning matters.​

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Enforceable Premarital Agreements

Who Needs a Prenup?

Premarital agreements can be useful for a party who wants to protect separate assets, such as family wealth from disputes on death or divorce, a party who has a professional practice or other service business and wants to avoid or limit a community interest in it, a party who wants to protect children from a previous marriage, or when the other party has substantial debt, or a support obligation from a prior marriage, and even when a party who wants to opt out of the community property or equitable distribution regimes in place in a given State.