Posts By: Stephanie A. Lord, Estate Planning Attorney

HOW TO ENSURE YOUR INSURANCE MONEY GOES TO THE INTENDED BENEFICIARY

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Many people assume that the beneficiaries named in their estate planning documents are the same beneficiaries that will automatically receive the assets in their estate. But not all assets are treated equally when the estate is distributed. Insurance policies for example, as well as annuities or retirement accounts such as a 401k or an IRA,… Read more »

THREE COMMON RETIREMENT INVESTMENT ERRORS

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When you create a financial plan for your retirement, saving is essential, but investing your savings is equally significant. As your retirement plan takes form, watch out for these common investment errors. Not Diversifying Diversifying your investment means putting your capital into a variety of money making opportunities. If you prefer safe investments, focus on… Read more »

TWO TRUSTS TO CONSIDER

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  Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap… Read more »

Taxes

Posted by & filed under Estate Planning, Taxes.

Congress did it! The Bush tax cuts have been extended, which means that no one should get a tax increase come Jan 1st..In fact, if you’re working, your social security withholding will be decreased (but it may take til 1/31 to see the results). Most significantly, we have the Obama tax cuts for estate taxes…. Read more »

Tax Update

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The Obama-Republican tax deal (an extension of the Bush tax cuts) have enough votes in the Senate. Even better, it includes a $5 million estate tax exemption and 35% tax on the excess. But, like all good things, it comes to an end..this time in two years. The difference is that this time the $5… Read more »

Taxes

Posted by & filed under General.

President Obama and the Republicans agreed today to extend the Bush tax cuts for all and to set the estate tax exemption amount at $5 million. Now the Democrats have to be convinced. Extending jobless benefits is one carrot, wouldn’t be surprised if the compromise reduces the exempt amount to $3.5 million…