It 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 MoreThis web presentation explains the benefits, advantages and key attributes of donor advised funds.
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.
Read MoreDisorganization can generate months of hassle as well as unnecessary attorney or advisor fees. In addition to making sure that the distribution of your assets is in line with your objectives, taking a proactive approach when planning your estate can save your grieving family a significant amount of time and hassle.
Read MoreHave you confirmed the beneficiary designations of your 401k, IRA, or life insurance policies recently? If not, you should! Find out why.
Read MoreIn our previous article, we provided some insight and listed the benefits of utilizing donor advised funds as a component of a charitable gifting strategy. As a follow up, we wanted to provide some information that could be helpful when vetting custodians who offer donor advised funds.
Read MoreWith the new tax law, bunching charitable donations may make sense. Donor advised funds can be a great tool in your charitable gifting strategy. This article discusses attributes and unique features of donor advised funds.
Read MoreFamilies of those with special needs have historically had limited options when accumulating funds for their loved one’s future.
Read MoreThere are many planning strategies that can be utilized in situations that are tailored to an individual’s personal circumstances and preferences.
Read MoreAs with most financial matters, there is no “one size fits all” solution and this is particularly true when it comes to life insurance planning. This article addresses things to consider when evaluating the need to retain a cash value life insurance policy.
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