I am at the age where I am really beginning to realize how fragile life can be at times. Recently, we learned that former University of North Carolina basketball great, Eric Montross had lost his battle with cancer and died at the young age of 52.
Read MoreWhen it comes to financial planning, one of the easiest and most important things to accomplish is an overall review of your estate plan. We suggest that you review your estate plan every couple of years or when there are changes in your family that may impact your estate planning. Here is a checklist of estate planning items to review that may be helpful.
Read MoreLet’s face it, in today’s world, managing your personal financial affairs can be complex. There are many decisions that need to be made on a weekly or even daily basis. For a large and growing segment of the population, who are trying to help aging parents with their finances, this can be incredibly frustrating, stressful and burdensome.
Read MoreParents with special needs children can face a unique set of financial challenges. However, like all financial challenges, it is important to take measures early to financially prepare for the future
Read MoreMany financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…
Read MoreIt is very important to periodically take the time to review your estate plan and make sure your existing documents are still appropriate and continue to meet your needs. This is a task that Beacon reminds clients to address about every other year. So what are those things that need to be reviewed?
Read MoreWhen a loved one passes away, the grief coupled with the burden of settling their estate can be overwhelming. Here are a few things you can do to make the estate settlement process easier for your heirs.
Read MoreMost parents take certain steps to protect their children in the event of their premature death. Drafting a will, designating a guardian, obtaining life insurance and naming appropriate beneficiary designations on IRAs and 401k plans are all important components of an effective estate plan. However, most parents should take additional measures to provide guidance on how their financial assets are managed for their children’s benefit.
Read MoreIn order to make your meeting with the estate planning attorney more efficient and productive, here are few items that you need to think about or decide on before your meeting.
Read MoreWe examine the changes that the SECURE act made on beneficiaries of retirement accounts. Beginning in 2020, the “stretch IRA” is eliminated for most beneficiaries. Also, we look at how trusts will be affected by the new tax law.
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