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Estate Planning

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Estate Planning

IRS Announces Higher 2019 Estate and Gift Tax Limits

The IRS has announced that in 2019, the estate and gift tax exemption will be increased to $11.4 million per individual, up from $11.18 million in 2018. This means that an individual can leave $11.4 million to heirs and pay no federal estate or gift tax and a married couple will be able to leave up to $22.8 million. While the federal exemption amount is considerably high, there are some states that have lower state estate and gift tax exemption amounts.

Posted By Alyssa Yocom
January 15, 2019
Estate Planning

Will Your Pets be Taken Care of after You’re Gone?

Estate planning for pets has become more common recently, and the costs account for food, vet bills, medication, travel expenses, and more. Here are a few things you can do to ensure your pet is in the best hands and receives the best care possible.

Posted By Schultz Financial Group Inc.
November 14, 2018
Estate Planning

The Importance of IRA Beneficiaries

Individual Retirement Accounts (IRAs) are a key part in estate planning. Upon your passing, your IRA(s) will be distributed according to the beneficiary designations, even if your will and/or trust(s) instruct assets to be transferred differently. You identify your primary and contingent beneficiaries upon opening your IRA — but how often do you review them?

Posted By Alyssa Yocom
October 5, 2018
Estate Planning

Duties of a Successor Trustee

While some consider becoming a successor trustee a great honor, it is also a great fiduciary responsibility. As successor trustee, it is your duty to ensure that the trust estate is handled according to the trust document and the trustor’s wishes. When a loved one passes away, there are many tasks to be done and things to consider. Below is a list of some actions the successor trustee should consider.

Posted By Alyssa Yocom
August 16, 2018
Estate Planning

Your Digital Afterlife

What do you imagine when you think of your digital afterlife? In 2013, McAfee completed a study and concluded that we each have an average of $35,000 worth of digital assets. However, 93 percent of people are unaware of or confused about how to quantify and pass along this information. The first step is to identify what you have of value.

Posted By Schultz Financial Group Inc.
July 24, 2018
Conferences & Meetings

NAPFA Spring Conference Summary

The National Association of Personal Financial Advisors (NAPFA) hosts conferences bi-annually. In May 2018, SFG’s Clarissa and Alyssa had the opportunity to attend the conference in Phoenix, AZ. Here are some key themes and takeaways from the conference.

Posted By Alyssa Yocom
May 30, 2018