Wealth Strategies Center Lcc
Basking Ridge, NJ:
How to Leave Assets to Adult Children
What are the benefits of establishing trusts for adult children?
When poorly structured inheritances lack financial controls or supervision, it can result in inappropriate spending and wasted money. This is why so many parents have established trusts for their
When Should You Cut Off Your Adult Children?
When Should You Cut Off Your Adult Children? When should you pay their bills...and for how long?
What Is Considered an Asset in an Estate?
This is an important question to ask, because the answer could tell you whether you need to worry about estate taxes, beneficiary issues or probate concerns.
How Does a Spendthrift Trust Differ from an Asset Protection Trust?
Spendthrift trusts include similar protections to an asset protection trust and are more widely respected in other states, but they also come with their own rules and requirements.
Understanding How Assets Are Distributed in a Will
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding "per stirpes" and "per...
What are the probate taxes on inherited assets?
Scott and Pat explain how probate taxes work, what a "step-up in basis" is, & other types of taxes that may come into play when someone inherits assets.
How to Avoid Mistakes When Dividing Retirement Assets During a Divorce
Learn the steps to take when untangling retirement assets as the result of divorce.
Asset Titling: Why It Matters and How to Ensure Accuracy
A key part of properly implementing a client’s estate plan is to ensure that assets are titled so that they flow in accordance with the client’s true wishes at death.
How inherited assets count on the FAFSA
Financial aid will consider most assets, even if you can't access the funds.
How Do I Address Digital Assets in Estate Planning?
“Digital assets are part of your legacy. It’s important to plan for how you want them to be managed after you’re gone.”
Your Assets, Your Wishes: You Decide or Should the State?
The state will most likely be happy to do it for you after you die. If you do not have a will or an estate plan, your wishes may not be carried out but your assets will be distributed, according to the Concord Monitor in “Make Your Wishes Known.” The reason? Because your property will …
How Can You Make Sure Assets Remain in the Family after Your Death?
How can you make sure assets remain in the family after your death then?
How QTIPs Are Used to Preserve and Control Assets
Second and subsequent marriages that occur later in life present challenges when it comes to estate planning. While no longer unusual or unique – nearly 42 million Americans have been married more than once – planning to provide for the surviving spouse, be fair to children from previous marriages and...
How Do I Handle Digital Assets in My Estate Plan?
The odds are good that you own digital assets. With that in mind, what are digital assets and how do handle them in your estate plan?
ECB Stress Tests: How Good Were Banks at Valuing Their Assets?
So, when the veil was lifted away, how good were banks at putting a value on what was on their balance sheets?
How to Transfer Family Assets Through Successful Family Meetings
Research has show that 70%* of wealth transfers fail from one generation to the next. Family meetings are one vehicle that can be used to help all members of the family gain a greater understanding of family assets and values. But despite the usefulness, family meetings are seldom held. Parents
How can I protect my business assets from division should I divorce?
For those with significant assets, protecting those assets is a priority during a divorce. Few personal possessions are as valuable or as meaningful as a small business or a professional practice
What Does an Ex-President Do After Leaving Office?
It can be complicated making life plans after being commander in chief.
