Category Archives for "Estate Planning"

May 06

The Real Cost To Your Family: Not Planning For Incapacity

By Suren G. Adams

​When it comes to estate planning, most people automatically think about taking legal steps to ensure the right people inherit their stuff when they die. And these people aren’t wrong.  Indeed, putting strategies in place to protect and pass on your wealth and other assets is a fundamental part of the planning equation. However, providing for […]

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Apr 08

6 Questions to Consider When Selecting Beneficiaries For Your Life Insurance Policy—Part 2

By Suren G. Adams

Selecting a beneficiary for your life insurance policy sounds pretty straightforward. But given all of the options available and the potential for unforeseen problems, it can be a more complicated decision than you might imagine. For instance, when purchasing a life insurance policy, your primary goal is most likely to make the named beneficiary’s life better […]

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Mar 11

Why You Might Actually Owe Taxes in 2018

By Suren G. Adams

Like many taxpayers, if you’ve already filed your federal income taxes for 2018, you may be surprised to discover you’re not getting a refund this time.  If so, this was almost certainly due to the sweeping tax overhaul made by the 2017 Tax Cut and Jobs Act (TCJA). Since personal tax rates were lowered by the […]

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Mar 04

7 Events That Necessitate a Review of Your Estate Plan

By Suren G. Adams

Even if you put a totally solid estate plan in place, it can end up proving worthless if it’s not properly updated. Estate planning is not a one-and-done type of deal: It should continuously evolve along with your life circumstances.No matter who you are, your life will inevitably change: families change, laws change, assets change, […]

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Feb 25

Could an IRA Trust Benefit Your Family?

By Suren G. Adams

Unlike most of your assets, individual retirement accounts (IRAs) do not pass to your family through a will. Instead, upon your death, your IRA will pass directly to the people you named via your IRA beneficiary designation form.Unless you take extra steps, the named beneficiary can do whatever he or she wants with the account’s […]

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Feb 11

Reclaim Your Role as Your Child’s Primary Influence—Part 2

By Suren G. Adams

In today’s society, the once-unbreakable bond between parent and child is being increasingly eroded. This disconnect is wreaking havoc on children’s psychological development, while making parents feel powerless to get through to their kids. In more than 20 years of work and research, world-renowned family physician and child-development expert Gabor Maté discovered that a mix […]

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Jan 14

4 Estate Planning Must-Haves for Unmarried Couples—Part 2

By Suren G. Adams

Most people tend to view estate planning as something only married couples need to worry about. However, estate planning can be even more critical for those in committed relationships who are unmarried.Because your relationship with one another is frequently not legally recognized, if one of you becomes incapacitated or when one of you dies, not […]

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Dec 31

Pet Trusts Offer Protection for Your Furry Family

By Suren G. Adams

If you’re an animal lover and have a pet of your own, you likely consider your pet to be a member of the family. And since your furry friends can provide protection, emotional support, and unconditional love, such consideration is often well deserved. In stark contrast, the law considers your pet nothing more than personal property. […]

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Dec 17

Dementia and Guns: A Tragedy Waiting to Happen

By Suren G. Adams

It’s common for families of those with Alzheimer’s and other forms of dementia to realize that at some point, their loved one shouldn’t be allowed to drive. But fewer people are aware they should exercise the same level of caution when it comes to restricting their loved one’s access to firearms. This was one of the […]

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