2020 Estate Planning Advice
Failing to ensure that your asset titling and beneficiary designations are coordinated with your estate plan, can lead to unintended costs, taxes and outcomes.
Ethan Huizenga
March 25, 2020
Do You Need a Revocable Trust?
Probate can be a long, arduous, and costly process—especially in states that aren’t considered probate-friendly. Enter a workaround that is being used by an increasing number of people: revocable living trusts.
Ethan Huizenga
March 24, 2020
Will Your Estate Plan Work Now?
Under the new law, not only must all of the tax on IRAs and plans benefits be paid much earlier than it was before, but the rate will likely be much higher too, since that income will be bundled into the recipients’ peak earning years.
Ethan Huizenga
March 20, 2020
Our Knowledge of Early-Onset Dementia
Some health care facilities in our area say they are seeing more cases of early-onset dementia than ever before.
Ethan Huizenga
March 18, 2020
Creating an End-of-Life Checklist
An End-of-Life Checklist can avoid any confusion or questions that may arise among different family members.
Ethan Huizenga
March 16, 2020
The Procrastinator’s Estate Planning Checklist
Nobody likes to think about dying. However, it happens whether we prepare for it or not. If you don’t do some advance planning, it can cause even more longer lasting pain and grief, not to mention money and strained relations for your loved ones.
Ethan Huizenga
March 10, 2020
6 Reasons Have a Power of Attorney Drafted
A power of attorney is a document that lets you appoint a person or an organization to handle the financial and medical decisions on your behalf, when you are not able to because of sickness or death. The person or the organization is called the attorney-in-fact or the agent. POA is given to someone whom you can trust with your life.
Ethan Huizenga
March 3, 2020
Fixing an Estate Plan Mistake
Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.
Ethan Huizenga
February 27, 2020
What Should I Know about Beneficiary Designation?
Many people have tens of thousands–even hundreds of thousands–of dollars in their IRAs. If you have an asset that large, shouldn’t you devote more effort to planning for its ultimate disposition?
Ethan Huizenga
February 26, 2020
High Five: Geckos and Trust Administration
Geckos are amazing and resilient creatures. They can climb up vertical surfaces. Some geckos can fly. If you cut off a gecko’s tail, they’ll grow it back. These five tips for making an estate or trust administration go smoothly create the acronym ‘GECKO’. So, keeping the amazing lizard in mind, read on for some helpful advice on how to ease the process of estate or trust administration. [Read More]
Ethan Huizenga
February 21, 2020