How can you be sure that an insurance salesman is being honest with you? Talk to a broker instead of a corporate representative. Because Medicare brokers work for many different insurance companies, they can try to find the right fit for you rather than pushing one carrier. Your Medicare broker will be able to review all options available and search for a plan that most closely fits your individual needs and budget. What Is A Medicare Broker? Medicare brokers, also known as independent … [Read more...] about Should You Go with a Medicare Broker?
Congress and the President have tax proposals on the table that could dramatically affect the pocketbooks of some of our clients. If you have a net worth of more than $5 million or are earning more than $400,000 per year, you should download the informative information we have available for you. CLICK HERE To Learn More About The 2021 Potential Tax Law Changes. During his campaign for President, Joe Biden promised to increase the amount of estate taxes that are currently paid and to … [Read more...] about Increased Estate and Income Taxes May Hit The Wealthy Hard Later This Year
Give Your Children Guidance and Peace of Mind. As a dad, your primary goal in life is to love and protect your children. You work hard to provide and support your family. You attend your children’s sporting events, save money for their college education, help them with their homework, do everything you can so they will have a safe and healthy future. Everything you do for your kids is an investment in their future, but have you made a complete plan to protect them? There is no greater gift … [Read more...] about This Father’s Day…
For most people, a Last Will and Testament serve as the foundation upon which their comprehensive estate plan is built. Giving the importance of your Will, it should be error-free, particularly in light of the fact that any errors or problems with your Will won’t be uncovered until after you are gone, meaning it will be too late for you to fix errors or explain ambiguities. With that in mind, it may help to learn more about some of the most common mistakes people make when creating a Will so … [Read more...] about Common Mistakes When Creating a Will
Life insurance serves many very important purposes in planning throughout a person’s lifetime, and with the right life insurance strategy, you can safeguard who and what you care about while creating opportunities for your wealth to go further. Continue reading or Click here to download a copy of our eBook outlining a few of the very important reasons life insurance can help during the estate planning process. ESTATE / FINANCIAL PLANNING Income Replacement When a couple is first … [Read more...] about USES OF LIFE INSURANCE IN ESTATE PLANNING AND ELDER LAW
How will Kim Kardashian West and Kanye West divide up their real estate empire? But what inquiring minds really want to know is this: How will their massive real estate holdings be divided? According to the People, the couple are in agreement over joint legal and physical custody, neither is contesting the prenup in place, negotiations have progressed and they are nearing a settlement. For example, one billionaire couple that Lenz’s firm worked with had a $10 million prenup, but the … [Read more...] about How will Kim Kardashian West and Kanye West divide up their real estate empire?
There are many different ways to express how much we care and say, “I love you.” Red roses, a date night, a spa day, or planning a trip are all great ways to celebrate Valentine's Day. However, what says "I love you" more than assuring them that you will do anything you can to minimize their stress should something happen to you? This Valentine’s Day, consider giving your loved one an unconventional gift… an estate plan. Don't forget the flowers and chocolates too! While a … [Read more...] about True Love Lasts a Lifetime. So Does an Estate Plan.
With the passage of Proposition 19 Californians have eliminated many of the property tax exemptions they have enjoyed for decades. This exemption was for transfers between parents and children and in some cases, grandparents and grandchildren. THE OLD LAW Prior to the passage of Proposition 19, a parent could transfer a personal residence of unlimited value to children without an increase in the property taxes that the parents paid on the home. So for parents, like mine, who had owned … [Read more...] about Voters Increase Taxes for Transfers of Property to Children With Passage of Proposition 19
Benjamin Franklin is credited with saying, “In this world nothing can be said to be certain, except death and taxes.” Despite the certainty of death, many put off estate planning. Death and finances are two of the most uncomfortable subjects, they are both emotionally charged, and nobody wants to talk about either one of them. One of the hardest decisions people make in the estate planning process is how much (and when) to tell their children about their plan. It is no surprise that most people … [Read more...] about The Importance of Talking To Your Family About Your Final Wishes
The number of older adults in the United States has grown significantly in recent years and experts tell us that growth will not slow down in the decades to come. In fact, by the year 2050 those same experts predict that for the first time in history, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger). The growth in the senior population has caused an increased interest in elder care issues and concerns. While seniors face many of the same … [Read more...] about Questions to Ask an Elder Care Attorney