Why Your Estate Planning Attorney and Financial Advisor Should Be on Your Side of the TableBy Chris Gaughan, Gaughan & Connealy Estate Planning AttorneysWhen it comes to your financial future, we all know there’s more to the puzzle than just saving a few bucks here and there. Estate planning is one of those big, scary terms that most people avoid until, well, it’s a bit too late (cue the sound of the Grim Reaper’s footsteps).But what if I told you that planning your estate can … [Read more...] about Why Your Estate Planning Attorney and Financial Advisor Should Be on Your Side of the Table
Financial Planning
Hitting “Pause” at the Finish Line May Be a Costly Mistake
Don't shoot yourself in the foot by hitting "Pause" at the finish line.When it comes to estate planning, the decision to take that first step and meet with an attorney is crucial. You understand the need to protect your family, your assets, and your legacy. But there's a common mistake many people make after taking that first step—meeting with an estate planning attorney and then pausing with, "I need to think about it."It sounds reasonable at first—after all, estate planning can feel … [Read more...] about Hitting “Pause” at the Finish Line May Be a Costly Mistake
Tax Planning for 2021
As 2020 draws to a close and a new year dawns, we need to think of…tax planning! Some years Congress tweaks the laws more than other years. While 2020 held plenty of surprises with coronavirus and an election, it was a relatively quiet year for legislative changes. Still, even in a quiet year, some things change due to inflation increases, etc.Estate Tax PlanningApplicable Exclusion rises from $11.58 million in 2020 to $11.7 million in 2021.GST Exemption rises from $11.58 million in 2020 … [Read more...] about Tax Planning for 2021
