Legally establishing a trust does not put money into it. Perhaps you or your parent(s) visited an attorney at some point and had a trust document drafted. There are many kinds of trusts, but most are created to hold accounts or other items of value (assets) that...
Check Writing Has Some Pitfalls It used to be that check-writing was a way of life. It was the only way to pay bills or send money to a grandchild for their birthday. In 2022, FinCen, a unit of the US Treasury Department, reported a whopping 84% increase in check...
Advanced Planning 101 Avoiding mistakes that can derail your efforts Broadly speaking, there are several stages to managing your estate. Much of it has to do with paper and, increasingly, digital documents. To have an estate plan, it must get written down. It...
Tax Organization for NEXT Year Avoid the Stress you are feeling right now This time of the year, accountants everywhere are advising that you need to have your documents to them by March 1st. Are you feeling stressed? The alternative is filing an extension,...
Remember When Things Were Simple? Life doesn’t need to be so challenging It wasn’t that long ago that you could change the oil in your own car; you could change the channel on TV without needing a doctorate to figure out how to use the remote! And what about...
Are You in Control of Your Money? Benign over-donation. It happens to most everyone at one time or another. You receive a letter in the mail requesting a financial donation to a charity that you like to support. It seems like you gave to them recently, but you write...
