Mathis Wealth Management

Blended families, unmarried partners, and non-traditional households all need thoughtful estate plans.

Modern estate planning goes beyond a will. Consider who makes healthcare decisions, who inherits what, and how to minimize family conflict. If you have minor children, guardianship decisions matter. For blended families, clear instructions about your intentions protect everyone. Your plan should reflect your values and family structure.

Work with an estate planning attorney who understands the complexity of your situation.

Young Families: Your first financial milestones don't need to be overwhelming. Start with one emergency fund of three to six months of expenses. Open a 529 plan for education savings, even with small contributions. Pay down high-interest debt while building retirement savings. Set clear goals for major purchases like a home.

These simple, doable steps create momentum and confidence. You don't need to do everything at once; focus on what matters to your family's future.

What to do before selling your business: Plan for the tax impact and timing.

The sale of your business is likely the largest financial event of your life, and the tax consequences can be significant. Work with your tax and financial advisors well in advance to explore strategies like installment sales, charitable giving, or qualified small business stock exclusions. Timing the sale to align with lower-income years or spreading proceeds across tax years can save substantial amounts.