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Tag: Estate Planning & Administration

Article
December 2, 2020
When to update your estate plan

When to Revisit Your Estate Plan

Our lives are constantly changing, but when was the last time you updated your estate plan to support your current situation? Andrew Welp, JD, CPA, discusses the importance of updating your plan and lists some life events that may trigger the need to update your documents.

Article
November 23, 2020

Financial Planning for First-Time Parents

While new parents initially plan for their child’s immediate needs, planning for the future is just as important. From setting up a college savings plan to naming a guardian in your will, here are a few things new parents should consider.

Article
November 3, 2020
Estate Planning in a Pandemic

Tips for Estate Planning in a Pandemic

We recently hosted a webinar sharing guidelines for estate planning during this pandemic. Given the popularity of the event, we’ve summarized the top takeaways.

Article
October 29, 2020
Proposed Illinois Graduated Income Tax Amendment

How the Election May Affect Estate Tax Legislation

Benjamin Franklin’s famous quote, “Nothing is certain except death and taxes,” still rings true today. In fact, both death and taxes come into play when applied to the federal estate tax. In this blog post, Mary Beth Brummond outlines how the election may affect estate tax legislation.

Savant Views & News
October 22, 2020
Estate Planning at home as a couple in 2020 2021

Estate Planning in the New Normal | On-Demand Video

Hear the latest guidance and tips from professionals who navigate estate planning challenges with families every day.

Article
September 22, 2020
planning for incapacity during the time of covid: planning

Incapacity Planning During the Time of COVID

In today’s environment, it’s critical to make sure that the health care directives in your estate plan are up-to-date and complete. Dom Parillo talks about your power of attorney for health care and why it’s important.

Article
July 14, 2020
Retirement Planning

Why Name a Corporate Trustee in Your Estate Documents

Andrew Welp reviews the challenges of naming a family member as a trustee and outlines an alternative: incorporating a corporate trustee.

Article
June 27, 2020
Your team of professionals should review your trust documents, net worth, and IRA/qualified account balances and revisit the design of your overall estate plan so you can weigh the tax costs of leaving IRAs in trust against your asset protection goals. The SECURE Act changes the way people inherit money so you should keep a pulse on how your estate plan is affected.

The SECURE Act Changes the Way People Inherit Money – How Is Your Estate Plan Affected?

Provisions in the SECURE Act may affect your estate plan. Dominick Parillo takes a closer look at the specifics regarding inherited IRA accounts.

Article
April 8, 2020
Heart

Wealth Transfer Opportunities Amid the Uncertainty of COVID-19

Given the recent stock market decline, now may be an opportune time to take advantage of discounted gifting strategies. Dominick Parillo describes a few wealth transfer strategies you may want […]

Article
April 8, 2020
young-family-at-home

Focus on Your Health, Wellness, and Family – but Don’t Forget Your Estate Plan

With many of us working from home due to the COVID-19 virus, now may be the perfect time to get your financial affairs in order. Dominick Parillo shares a few […]

Article
January 28, 2020
Family walking in a prarie

The Best Estate Planning Advice I Can Give

Every January I head down to Orlando for the Heckerling Conference on Estate Planning. Imagine thousands of attorneys and CPAs all congregating to discuss the latest complicated estate and tax […]

Article
April 1, 2019
Keyboard with Donate Button

Benefits and Considerations of Donating to Charity Using IRA Qualified Charitable Distributions

For those over age 70½, a qualified charitable distribution can be a great way to make a charitable donation in a tax-efficient manner.