Category: Estate Planning


Using Your 529 Savings Plan as an Estate Planning Tool

using-your-529-savings-plan-as-an-estate-planning-tool

  Were you aware that many parents use 529 savings plans as a way to let their child’s college funds grow tax-free? These plans, however, may not be just for parents, and they do not have to be used by a specific beneficiary. There are potentially huge benefits to using your 529 savings plan as

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  •   Estate Planning
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Ways Leaving Money to a Charity Can Benefit Your Estate

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If a charitable cause is near to your heart, it may be likely that you will donate time and money during your lifetime. Giving while you are living also comes with the benefit of a charitable tax deduction. Although this may be what many people focus on when making donations, there are many other ways

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  •   Estate Planning
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Potential Estate Planning Opportunities in 2020 to Implement Now

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  With the stock market soaring and diving and the news in 2020 overtaken by Covid-19, a presidential election, and natural disasters nationwide,  estate planning may be the furthest thing from your mind. But now may actually be a great  time  to plan for the future. Here are some things to consider: The annual gift

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  •   Estate Planning
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Doctors Increasingly Urge Americans to Create Living Wills

Despite CDC guidelines, face mask requirements, and lockdowns, COVID-19 continues to spread aggressively in America. Doctors are seeing patients in all age groups suffer from horrible complications, and they are urging them to create living wills and other documents that will help them provide better care.   Living wills and powers of attorney for healthcare

  • Clifford M. Cohen,
  •   Estate Planning, Wills
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Deciding Between a Trust and a Will During the Pandemic

Knowing what will become of your assets and making the grieving process easier on your loved ones will give you peace of mind during a time of uncertainty. If you’re considering whether to draft a will or establish a trust during the pandemic, each option has benefits and potential setbacks. Depending on your assets and

How State Laws Are Limiting Estate Planning During COVID-19

As COVID-19 continues to spread and take lives, an increasing number of people are thinking about estate planning. The threat of COVID-19 is causing more people to worry about having their estates in order and authorizing people they trust to make medical and financial decisions for them on their behalf. There is no doubt that

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  •   Estate Planning
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Many Americans Fail to Create a Will. Why that Matters.

As the number of people succumbing to COVID-19 continues to climb in the U.S., many Americans are thinking about estate planning. Demand for wills in particular has soared as people acknowledge their mortality. Still, a survey by Caring.com and YouGov of 2,400 adults revealed that a majority lacks wills, and the number of Americans with

Update Your Will After These 5 Major Life Events

Update Your Will After These 5 Major Life Events A will that reflects your wishes is crucial for ensuring your assets are distributed to your liking when you pass away. A clear and up-to-date will simplifies the matters your loved ones must attend to immediately after your death and provides peace of mind. The general

Evaluating Your Estate Plan During COVID-19

Evaluating Your Estate Plan During COVID-19 Maryland’s coronavirus hospitalizations are declining and the state is undergoing Phase 2 of reopening. Washington, DC has entered Phase 1 of reopening, but the confirmed cases in the nation’s capital has risen to more than 9,100, with 475 deaths. Although some people are returning to work, many are still

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Providing for Your Pet After You Pass Away

Providing for Your Pet After You Pass Away For many of us, pets are valued members of our family. Although we may not leave them money for life after we die, there are effective options to make sure our pets are provided for and loved. Here are three main options for quality pet care after

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  •   Estate Planning
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