7 Financial and Legal Resolutions for the New Year
7 Financial and Legal Resolutions for the New Year
As the year comes to a close, many families reflect on their health and finances. But one area that often gets overlooked in the New Year’s resolution list is estate planning. A few simple resolutions can protect your loved ones, minimize taxes, and give you peace of mind for the year ahead.
Updating Beneficiary Designations: The Overlooked Step That Can Disrupt Your Estate Plan
When families think about estate planning, they usually picture wills and trusts. But one of the most common mistakes we see isn’t about those documents at all—it’s about beneficiary designations.
Beneficiaries are named on accounts like life insurance policies, retirement plans, and payable-on-death bank accounts. These designations determine where the money goes when you pass away. The problem? Beneficiary designations override your will or trust.
How to Use Gifting Strategies Before Year-End to Reduce Estate Taxes
How to Use Gifting Strategies Before Year-End to Reduce Estate Taxes
The holidays are a season of giving. For many families, that generosity extends beyond presents under the tree. Smart financial gifting can reduce your taxable estate, provide meaningful support to loved ones, and even create opportunities for charitable impact.
Charitable Giving Through Your Estate Plan: Smart Ways to Maximize Tax Benefits
Charitable Giving Through Your Estate Plan: Smart Ways to Maximize Tax Benefits
The holiday season is a time of giving—and charitable gifts can be one of the most meaningful parts of an estate plan. Beyond supporting causes you care about, charitable strategies can also reduce estate taxes, leaving more for your heirs.
