Planning and time are essential to establishing lasting generational wealth. Without specific plans to create and transfer your legacy, statistically, 70 percent of wealthy families will lose that wealth in the subsequent generation, and 90 percent will lose it in…
Using a gun trust, individuals can own firearms in an individualized manner, allowing them to share firearm access with others while remaining in compliance with the law. This approach is beneficial for those who own restricted firearms or firearms regulated…
Your pet likely holds a special place in your heart as it gives you so much joy and comfort. Since you love them, you give them the best life you can. But what if you were suddenly unable to care…
The idea that you'll save money by creating your estate plan on your own may seem appealing. However, it can be costly in the end, both financially and in terms of family well-being. Estate planning involves important decisions about how…
In 2006, the Pension Protection Act was the last significant change in retirement legislation until the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019. The impact of the SECURE Act on some retirees, near-retirees, and their future…
We are living longer now than previous generations, which will prolong our retirement years. Since expenses, taxes, and inflation don’t go away simply because we retire, we need to make sure we have enough money to live comfortably while meeting…
In most cases, discussing the end of one's life is uncomfortable. Avoiding the subject is easier. Since we don’t want to talk about it, many of us don’t make plans for what we want to happen before or after we…
You can ensure your loved ones are taken care of after your death by creating an estate plan that distributes assets according to your wishes. It requires organization and strategy and begins with five key legal documents that can address…
You may choose from two types of trusts when planning your estate: revocable or irrevocable. Each trust type has its own benefits and drawbacks. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or…
Planning for succession and estate planning for farm and ranch real estate as well as related livestock, equipment, and other personal property has unique challenges. There is a common misconception that federal estate taxes threaten farm or ranch property, preventing…