Have you ever asked yourself any of these questions about Estate Planning? Should I have a Will or Living Trust? What is the difference between a Will and a Trust? What will happen to my family, estate, such as property, bank accounts, 401k, life insurance, and other assets if I don’t have something in place? Has my current estate plan evolved to reflect changes in my life since it … [Read more...] about Heircraft Planning Hosts Free Estate Planning Seminars
Blog Posts
Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. But employer-provided retirement plans have now largely shifted to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs) that place most of the savings onus on the … [Read more...] about Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
Corporate Transparency Act Update
Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). In these filings, applicable businesses must disclose important information about their entity. However, recent developments … [Read more...] about Corporate Transparency Act Update
Inspiring Action: The Guide to Creating or Updating Your Estate Plan
Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential there is to be caught unprepared in an emergency. So how can you motivate yourself and your loved ones to begin the process? Here are some strategies to help you overcome some of the negative feelings associated with this process and meet the challenge … [Read more...] about Inspiring Action: The Guide to Creating or Updating Your Estate Plan
Things to Know When Planning for an Addicted Loved One
It has been said that the only thing harder than being an addict is loving one. It can be particularly difficult for a parent to bring a child into the world, full of hopes and dreams about their future, and then watch them spiral down into addiction. Having someone in your life who struggles with substance abuse is never easy, no matter the circumstances, the relationship, or their age. Estate … [Read more...] about Things to Know When Planning for an Addicted Loved One
What Conditions Can I Put on My Child’s Inheritance?
You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability to handle the money responsibly, fear they will spend it in pursuit of a cause you do not support, want to avoid the need for a … [Read more...] about What Conditions Can I Put on My Child’s Inheritance?
