Why Is a Revocable Trust So Valuable in Estate Planning?

Trusts are one of the most versatile items of the financial planning toolkit. However, they are not just for rich people. With the new higher estate tax exemptions, avoiding or reducing estate tax is not a concern for most of us.

What Do Parents Need to Know About Writing a Will?

Preparing a will is one of the most important steps a parent can take to protect their family.

Should I Put My Firearms in a “Gun Trust”?

Make a mistake when inheriting an IRA and you might face tax consequences. Make a mistake when inheriting a gun collection, and there's a chance you could face felony charges. Therefore, anyone who owns a gun, may want to consider adding a gun trust to their estate plan.

This is the Year to Complete Your Estate Plan!

February 28, 2019
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Power of Attorney

If You Haven’t Started Your Estate Plan, Now is The Time.

How Can I Goof Up My Estate Plan?

Even a small mistake can create huge problems during the settlement process, and in many cases, these errors are impossible for anyone to correct.

Who Pays What Taxes on an Inherited IRA?

I'm the executor of my mother's estate. She has an IRA where the beneficiary is her estate. When I withdraw this IRA into her estate account, how will this money be taxed?

Am I Too Young to Start Thinking About Estate Planning?

After taking inventory of your possessions, including your home, vehicle, stocks, life insurance policies, etc., there are many steps you will need to take to protect these assets -- and yourself. There are many steps and documents that advisors will suggest you put into place immediately for your protection.

Who Will Cover My Debt When I Die?

Will your debt continue to haunt you from beyond the grave? Find out what exactly happens to debt when you die, while you still owe.