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Month: October 2022

gift tax
Charitable Giving / Estate Planning / Taxes

When a Gift May Not Be a Gift

It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS). …

probate
Estate Planning / Mourning

Three Reasons to Avoid Probate

When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own …

NFT NonFungible Token
Estate Planning / Press

What to Know about Nonfungible Tokens

A nonfungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs …

Key Person Insurance
Business Planning

Key Person Insurance: What Is It and Do I Need It?

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after …

Business Succession Planning
Business Planning / Estate Planning

How to Talk to Your Family About Business Succession

Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” From the very beginning, you had a plan for your business to succeed. You set goals …

senior artist
Estate Planning

Myths and Frequently Asked Questions for Artists

Estate Planning for Artists Myth #1: Although I sell a piece of artwork here and there, I don’t make enough money to have an estate. You do not have to …

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