Category: Financial Planning

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39 Wealth Management Issues Business Continuation Planning Estate Planning for Pets Executor/Trustee Issues Family Financial Values Financial Continuity with the Loss of Family Member Financial Planning Life Insurance Planning Self-Actualization

Answer the Questions Before Your “Important People” Have to Ask: Write a Direction Memo™

Your Direction Memo™ can help you answer difficult questions that your loved ones may have after you're gone. By writing out your wishes and intentions, you can provide peace of mind and clarity for those who remain. Some questions your Direction Memo can help answer include: - Who will handle my estate? - How do […]

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39 Wealth Management Issues Estate Planning Checklist Executor/Trustee Issues Financial Planning Titling of Assets Trust & Estate Planning Trusts

Checklist to “Fund” a Revocable Living Trust

Creating your Trust is just the first part of the Estate Planning process. After you sign your Trust document, the next step is to fund the trust. The method of funding a trust involves transferring assets to it.  Tips for  Funding a Trust  This guide is meant to serve as a helpful starting point for […]

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Disability Protection Financial Planning

Is Disability Insurance Important for You?

Generally, there are two types of disability insurance: Short-term disability insurance replaces a portion of your paycheck for a short period, such as three to six months. Most people get STDI through their employer. You can get an individual policy through some private insurers.Long-term disability insurance (LTD) provides coverage if you’re out of work for […]

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39 Wealth Management Issues Financial Planning Retirement Planning Titling of Assets

Net Unrealized Appreciate for Employee Stock Ownership

Net Unrealized Appreciation An employee who owns company stock in their employer’s retirement plan will eventually have to decide how to distribute those assets—typically when you retire or change employers. Taking a distribution could leave the plan participant facing hefty taxes.  However, a tax break—taking advantage of  “net unrealized appreciation” (NUA)—can reduce ordinary income taxes. […]

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39 Wealth Management Issues Financial Planning Income Tax Planning Titling of Assets Trust & Estate Planning Trusts

What is the Difference Between Grantor vs. Non-Grantor Trusts?

Grantor and non-grantor trusts are taxed m much differently. Non-grantor trusts are treated as separate entities (e.g., C-Corporation). However, the grantors of grantor trusts retain significant rights to the trust’s assets and income. Because of that retention of power, they’re treated as if they are direct owners of the trust assets. Grantor Trust A grantor trust is […]

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39 Wealth Management Issues Financial Planning Income Tax Planning

What is Tax Loss “Harvesting”?

Introduction Tax-loss harvesting is when an investor sells securities at a loss to offset a capital gains tax liability. This strategy is typically used to limit the recognition of short-term capital gains because such gains are taxed at a higher federal income tax rate than long-term capital gains. However, the method may also offset long-term […]

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39 Wealth Management Issues Financial Planning

The “Rule of 72” and “Rule of 115”

Introduction Albert Einstein famously said that compound interest is the most powerful force in the universe.  He said, “Compound interest is the 8th wonder of the world.  He who understands it earns it; he who doesn’t pay it.” While there is some debate about whether Einstein really said any of this or not, there’s no question that […]

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