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Estate Planning

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Estate Planning

Checklist: When a Loved One Passes Away

When a spouse or loved one passes away, there are several things to do. First and foremost, it is important to grieve and allow yourself time to heal. This checklist outlines some items to consider when a spouse or loved one has passed away.

Posted By Alyssa Yocom
January 30, 2020
Estate Planning

Responsibilities of Inheritance

Here are some suggestions for beneficiaries to keep in mind prior to spending their inheritance.

Posted By Tony Miller
September 27, 2019
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