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A Guide to Understanding Gift Taxes

A Guide to Understanding Gift Taxes

Transferring assets, cash or property, without receiving anything of equal value is subject to gift tax. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual…

The Misconceptions Millennials Have About Social Security

The Misconceptions Millennials Have About Social Security

On August 14, 1935, the US federal government launched its social insurance program to provide retirement, disability, and survivor benefits. Since that time, in part due to the disappearance of extended family networks, an increase in population, and a profound…

A Guide to the Probate Process

A Guide to the Probate Process

During probate, the will of a deceased individual is authenticated, assets are reviewed, debts are paid, taxes are collected, and assets are distributed to heirs. Legally, probate is the process of authenticating the will of a deceased person, reviewing their…

Annuity For Married Couples That Is Medicaid-Compliant

Annuity For Married Couples That Is Medicaid-Compliant

An annuity is a financial product that pays a fixed amount of money every year throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts…

Do All Your Children Deserve the Same Inheritance?

Do All Your Children Deserve the Same Inheritance?

There are many situations where it makes perfect sense to divide assets equally among children. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family…

Life Insurance and Estate Planning

Life Insurance and Estate Planning

The disposition of your assets in your estate plan may seem unrelated to life insurance at first glance. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a…

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