When was the last time you reviewed your Life Insurance coverage? Will it cover your family’s current needs? Are you paying for out-dated overages or missing new options? Have there been price reductions since you purchased your policy?
Category Archives: Estate Planning
When Your Child Has Special Needs
As the parent of a child with special needs, you face many of the same challenges that any parent faces. But you’ll have to cope with some unique financial, medical, educational, and legal issues as well. Continue reading
How Do You Define Success?
What makes you the happiest? What do you want to be remembered for? These are all important questions we all must ask ourselves at some point in our lives. Continue reading
Managing Finances After Your Spouse Dies
Even if you’ve always handled your family’s finances, you may be overwhelmed by the number of financial matters you have to settle in the weeks or months following your spouse’s death. Continue reading
Legal Documents Every 18-Yr Old Needs
Your child just turned 18. Whether they are heading out of state for college or staying close to home to pursue other adventures, they need to sign several legal documents to protect themselves as an adult. Continue reading
What to Know When Receiving an Inheritance
If you’re the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you’ve inherited. You’ll need to evaluate your new financial position, learn to manage your sizable assets, and consider the tax consequences of your inheritance, among other issues. Continue reading
Who Benefits From a Revocable Trust?
A revocable living trust can be a useful and practical estate planning tool for certain individuals. This type of trust is most commonly used to avoid probate because, unlike property that passes by will, trust assets are distributed directly to heirs. This type of trust is also used as a way to maintain management of one’s financial affairs during a period of incapacity because someone else can immediately take charge when needed. Continue reading
What You Need to Know About the New Tax Law
The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018. Many individual tax provisions sunset and revert to pre-existing law after 2025; the corporate tax rates provision is made permanent. Comparisons below are generally for 2018. Continue reading
Housing Options to Consider When Planning Retirement
As you grow older, your housing needs may change. Maybe you’ll get tired of raking leaves from the lawn of the house you bought 30 years ago because you liked its huge, shady backyard. You might want to retire in sunny Florida or live close to your grandchildren in Illinois. Perhaps you will need to live in a nursing home or an assisted-living facility. Sometimes, after considering your options, you may even decide to stay where you are. Deciding where to live is never easy, but if you evaluate your options carefully, you’ll find it easier to live with your decision. Continue reading
7 Ways Grandparents Can Help Their Grandchildren Financially
There is nothing like the love grandparents have for their grandchildren. Grandparents love their grandchildren to the fullest, no matter what.
Because of this special relationship, Grandparents often think short term when gifting money to their grandchildren. Instead Grandparents need to plan ahead and be intentional as they strategize on helping their grandchildren financially throughout their whole life. Continue reading
Dan Kuderer 