Whether due to disability, dementia, or simply enjoying an exotic vacation, there are many ways you can end up unavailable to make critical financial decisions for yourself or your loved ones. If you have not documented your desires in advance, it can add extra stress for everyone, plus the outcomes …
Estate Planning
Taxes Take a Toll: How to Benefit from Proper Asset Location
You’re probably already familiar with the three most important factors in real estate: location, location, and location. Asset location is a similarly important, if less familiar best practice for keeping as much of your wealth as possible – after taxes have taken their toll. Given how steep that …
The Importance of TOD and JTWROS Designations
TOD, JTWROS – what do these acronyms signify? They are shorthand for transfer on death and joint tenancy with right of survivorship – two designations that permit automatic transfer of assets from a deceased individual to a surviving individual.1 This automatic transfer of assets reflects a …
