Tax provisions recently made their way into the Inflation Reduction Act (IRA), which became law in August 2022, along with the SECURE 2.0 Act in December 2022. Lower-income household tax code changes will automatically take effect. Households of higher income and net worth may want to review their retirement and estate plans to see if changes are
Tax Law Changes Affecting Retirement and Estate Planning Read More »
Planning for the Future of an Adult Child with Disabilities More adults with disabilities are living longer, which makes future planning critical for parents. Creating a plan is an ongoing process that adapts as your child’s needs change. The Journal of the American Medical Association reports that life expectancy for adults with Down syndrome jumped
Building a Support System for Adult Children with Disabilities Read More »
Estate administration refers to managing and distributing a deceased person’s assets in the US. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy laws. The
What is Estate Administration? Read More »
When most people think of estate planning, they think of wills and trusts and passing assets on to the next generation. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what type of medical care and treatments you want, or
Health Care Estate Planning Documents Read More »
That sounds like something your mother might say, right? And how often have you wished you’d followed your mother’s good advice? Nobody really wants to think about the potential for accidents or illness, and it can happen at any age. But without advance planning, when you or an aging parent experience a serious injury and
Plan, Don’t Wait, for a Medical Emergency Read More »