By: David Roberts In the world of estate planning, high net worth individuals and families increasingly recognize the importance of advanced planning, including the use of supplemental needs trusts (SNTs), as a powerful tool for ensuring the well-being and financial security of their loved ones. Continue Reading
Safeguarding Your Loved Ones: Top Five Measures to Protect Against Elder Fraud and Abuse
By: Rebecca Miller As our loved ones age, it is crucial to ensure their safety and well-being, especially in the face of potential threats like elder fraud. Protecting older family members from financial exploitation requires proactive measures and a keen awareness of potential risks. Here are Continue Reading
Navigating Sleepless Nights: A Mother’s Guide to Special Needs Planning
By: Amy Boulware I was driving to work on August 24, listening to Lady Gaga on my Pandora radio station, when suddenly, I had a strong urge to call my younger daughter, Hannah. We talk regularly, so it isn't unusual that I call her on my way to work, but this day was different. I just had to Continue Reading
A Parent’s Tale — Preparing for the College Send-Off
By: Stephany Pedigo Days ago, I watched our baby girl back out of our driveway in her trusty SUV that once belonged to her grandparents to venture boldly to a new state and new chapter in her life. This fall marks the third and final time we will send one of our precious children off to begin Continue Reading
A Win-Win Situation: How Charitable Gift Annuities Provide Benefits for Both Donor and Recipient
By: Alexis B. Crutchfield Are you looking for a way to decrease your income tax obligation after retirement while supporting your alma mater or a favorite charity? A charitable gift annuity may be the right answer for you. The American Council on Gift Annuities defines a charitable gift Continue Reading
Estate and Succession Planning Considerations for Business Owners
By: David B. Roberts Estate planning is important for everyone but is especially vital for the future success of small businesses. Proactively planning for the death or retirement of business owners removes uncertainty surrounding ownership transitions and allows owners to set their businesses up Continue Reading
Beneficial Ownership Reporting Requirements Under the Corporate Transparency Act
Increased reporting obligations are on the horizon as Congress attempts to crack down on money laundering and other illicit activity. These requirements are part of the newly enacted Corporate Transparency Act (CTA). They will impact many entities, including LLCs formed for investment purposes or to Continue Reading
Navigating Veteran Disabilities Under the PACT Act
The Promise to Address Comprehensive Toxics (PACT) Act expanded the benefits offered to veterans exposed to toxic substances in Iraq and Afghanistan. For post-9/11 combat veterans, the PACT Act extends the period of time they have to enroll in Veterans Affairs (VA) health care to 10 years Continue Reading
New Guidance for Inherited IRAs
Historically, if one inherited an IRA, he or she was able to stretch the distributions over the beneficiary’s lifetime. However, under the SECURE Act, passed in 2019, those stretch out rules were changed for most individuals inheriting IRAs. Under the SECURE Act, the general rule is that the Continue Reading
Millennials — When Raising Young Children and Caring for Aging Parents Collide
Currently, there is no lack of opinion regarding the millennial generation. As a millennial, it is not hard to understand why. However, despite the potential dividing views on this particular generation, there is one common fact that is applicable to all generations — "Father Time is undefeated." Continue Reading