Estate Plan Blueprint

If you are an older individual who owns an investment property that would trigger a big taxable gain if sold- you may want to rethink about selling.

There are smarter tax strategies available to you.
https://www.marketwatch.com/story/seniors-may-want-to-avoid-the-temptation-to-sell-their-investment-property-even-if-its-soared-in-value-2019-06-24?fbclid=IwAR2NqDdKJYIDsNBhpagDIH00mgSsSkhlAVycPVGV_8XxnCmtVbSIr5stiRc

Why seniors should avoid the temptation to sell their investment property — even if it’s soared in value Selling could trigger a big — but avoidable — tax bill.

As much as lawyers have tried to simplify legal documents over the years, there is some legalese that still might have you stumped.

Whether you're reading your own trust or perhaps a relative, here a beginner's guide to reading a trust. ➞
https://www.forbes.com/sites/christinefletcher/2019/06/17/a-beginners-guide-to-reading-a-trust/?ss=retirement&fbclid=IwAR1JNNgfcg0j6w5iW0U0z1iINGgpuk3cbVO5X4afTajFbdedrw-XfGakqzU&sh=5be639c341f7

A Beginner's Guide To Reading A Trust You just received a draft copy of your trust from your estate planning attorney, or perhaps your aunt has died and you received a copy of her trust of which you are a beneficiary. This is what you need to know.

Without proper planning or documentation, your online information may become inaccessible and eventually may cease to exist.

Estate plans aren't just for your physical assets! Check out this article to learn more about how to plan for your online accounts. ➞
https://www.thinkadvisor.com/2019/06/19/digital-estate-planning-how-to-plan-for-online-accounts/?slreturn=20190521100833&fbclid=IwAR1dVPnQrywxGwdT0SFAj4poFjRl3RJMCpg_m36p2S6JIs5x3VNR6mJuLeA

Digital Estate Planning: How to Plan for Online Accounts | ThinkAdvisor Without proper planning and documentation, online information may become inaccessible.

Estate planning mistakes can derail your plan and may make you miss out on some benefits.

As a part of your annual estate and financial plan check-up, discuss with your financial advisor if these three sinister tax blunders affect your estate plan.
https://www.forbes.com/sites/martinshenkman/2019/05/27/does-your-estate-plan-fall-prey-to-3-big-tax-issues/?fbclid=IwAR1dVPnQrywxGwdT0SFAj4poFjRl3RJMCpg_m36p2S6JIs5x3VNR6mJuLeA&sh=2f9bb49a7025

Does Your Estate Plan Fall Prey To 3 Big Tax Issues? 3 common estate planning mistakes include: ignoring formalities and income tax implications of FLPs and LLCs; not exercising swap or substitution powers for irrevocable trusts; and not planning for the situs of an irrevocable trust to achieve legal, asset protection, and state income tax benefits.

If you haven't already incorporated an estate plan into your overall financial plan, you should re-consider.

The first step is understanding all of the jargon included in estate plans. Check out our infographic to help you get started!

If you have time to plan a vacation or buy a car shouldn't you have time to plan your estate?
To learn why Estate Planning is important click here -->
https://www.investopedia.com/.../4-reasons-estate...