Resources by Topic

Trust and Estate Planning

Blog

4 Things a Surviving Spouse Should Know About Social Security

The Social Security administration gives benefits to surviving spouses based on the deceased’s retirement benefit. If the survivor is already taking retirement benefits, they can take the higher of either their own or their deceased spouse’s benefit.  Rules on these benefits are based on the age of the survivor and if the deceased had begun […]

Read More

View All Blog Posts
Blog

Medicare 2019 – Key Enrollment Dates and Important Changes

The leaves are changing colors and a cool breeze is in the air, which means many retirees are securing their winter travel plans. However, before jumping on the plane to escape the cold winter months that lie ahead, it is also time for Medicare participants to decide if changes should be made to their health […]

Read More

View All Blog Posts
Blog

Updating an Estate Plan – Organizing Your Thoughts

Preparing an estate plan can be an intimidating process, since final instructions for a family’s assets are memorialized.  Upon death, those instructions are fixed – forever.  Estate plans should be reviewed frequently as family circumstances change – children mature into adults and in-laws are introduced into a family.  When children are very young, parents focus […]

Read More

View All Blog Posts
Blog

What happens to your belongings when you die?

As Financial Advisors, we put a lot of thought and effort into making sure that we have the proper beneficiary designations and titling on accounts for clients so that they are passed on appropriately someday in the future.  Much of our focus is on investment accounts, bank accounts, houses, etc. – but what happens to […]

Read More

View All Blog Posts
Blog

Yours, Mine, Ours – Financial Considerations for Blended Families

When I decided to get remarried, it was an exciting time for me and my (now) husband. What we quickly found, however, was that decisions we had made prior to our previous marriages, such as where we would live, financial decisions and now, disciplining and raising kids from our previous marriages, were not as straightforward […]

Read More

View All Blog Posts
Blog

Child’s UTMA is Ending – What Protection Exists?

Uniform Transfers to Minors Act, or UTMA, accounts are a popular way to hold investments and bank accounts for minors.  Such accounts are owned by the minor but controlled by a designated adult custodian.  The minor becomes the outright owner of the account assets when he or she reaches the age of majority specified in […]

Read More

View All Blog Posts
Blog

Top 2 Tax Changes That May Affect Your Retirement

There are likely substantial retirement account changes on the horizon which will alter planning for all current and future retirees.  Recently, the House passed the Setting Every Community Up for Retirement Enhancement or SECURE Act. The SECURE Act is expected to pass the Senate in the coming months. The two most wide-reaching changes in the […]

Read More

View All Blog Posts
Blog

Honoring the Memory of a Loved One

When we lose someone that we love, we miss out on all the future memories that we never get to create together.  In many ways, this is difficult and unfair.  However, this doesn’t mean that the memories need to stop.  Here are some ways to preserve the memories of loved ones we have lost: Tell […]

Read More

View All Blog Posts
Blog

Working Wealthy – The Estate

One of the foundations of personal financial planning is estate planning. For some, it can be an unpleasant topic. Just ask my wife—she put up with my nagging and cajoling for nearly six months before we put our plan in place. I can’t blame her, pondering one’s own mortality is not an everyday task. In […]

Read More

View All Blog Posts
Blog

College Send Off: The Tool You Need to Stay Informed

Summer feels like it just started, and back-to-school is already around the corner. Whether you are dropping off your fifth child for the first time at college – or your first child for the fifth time – you’re ready for this. You made good decisions along the way and tackled a lot: Filled out your […]

Read More

View All Blog Posts
Blog

Long Term Care: Traditional or Hybrid Policies?

Long Term Care Environment Shifting Towards Hybrid Plans When reviewing our client’s insurance coverages, a question we’re often asked is whether to purchase long-term care coverage. To answer that question there are a lot of factors to consider from your family health history to your experience dealing with a loved one going through that difficult […]

Read More

View All Blog Posts
Blog

Your Beneficiary Designations – Are They Correct?

Beneficiary designations are an extremely important component of an estate plan.  They are found on many types of assets such as IRAs, 401Ks, life insurance and annuities and designate who receives the asset after the account owner passes away.  The primary advantage of a beneficiary designation is that asset ownership transfers without the complexities and […]

Read More

View All Blog Posts