About Incapacity Planning Death is the elephant in the room when we talk about estate planning. We often use phrases like pass away and pass on to make our meetings feel more comfortable and avoid being overly macabre, but the not-so-subtle subtext of an estate plan is death’s inevitability. If death is the elephant in the room in estate planning discussions—the obvious issue nobody names out … [Read more...] about Incapacity Planning: The Other Part of Estate Planning Why You Need to Worry
Estate Planning Blog
Join us for these upcoming events
January 23, 2:30 pm Wills, Trusts and Why Estate Planning Matters - What you should know before hiring an attorney. Location: Somerby Mobile - 901 Somerby Drive, Mobile AL 36695 February 10, 2:30 pm Top 10 Estate Planning Mistakes and How to Avoid Them Location: Somerby Mobile - 901 Somerby Drive, Mobile AL 36695 February 26, 11:30 am Supreme Court Roundup Presented by: … [Read more...] about Join us for these upcoming events
Passing the Torch: Smart Business Succession Strategies
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective business succession planning ensures a seamless transition of ownership upon the potential occurrence of many different … [Read more...] about Passing the Torch: Smart Business Succession Strategies
Heircraft Planning Hosts Free Estate Planning Seminars
Have you ever asked yourself any of these questions about Estate Planning? Should I have a Will or Living Trust? What is the difference between a Will and a Trust? What will happen to my family, estate, such as property, bank accounts, 401k, life insurance, and other assets if I don’t have something in place? Has my current estate plan evolved to reflect changes in my life since it … [Read more...] about Heircraft Planning Hosts Free Estate Planning Seminars
Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. But employer-provided retirement plans have now largely shifted to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs) that place most of the savings onus on the … [Read more...] about Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
Corporate Transparency Act Update
Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). In these filings, applicable businesses must disclose important information about their entity. However, recent developments … [Read more...] about Corporate Transparency Act Update
