Author: Quiet Strategy
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Tax-Savvy Estate Planning Strategies: How to Protect More of Your Legacy
When most people think about estate planning, they focus on who will receive their assets. Just as important, however, is how much of those assets will be lost to taxes. With thoughtful planning, many families can significantly reduce—or even eliminate—unnecessary taxes and ensure that more of their hard-earned wealth passes to loved ones and charitable…
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This Earth Day, Consider a Truly Green Goodbye: Human Composting
As part of a thoughtful estate plan, it’s important to consider not only how your assets will be distributed—but also what will happen to your body after you pass. Most people are familiar with traditional options like burial, cremation, or even green burial. But there’s another choice that’s gaining attention for its environmental benefits: human…
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This April: Review Your Beneficiaries for Peace of Mind
Why Beneficiary Designations Are Crucial in Estate Planning Beneficiary designations are a powerful tool in estate planning. They allow you to name someone—a beneficiary—who will inherit specific assets, such as retirement accounts, life insurance policies, or bank accounts, upon your passing. This simple action ensures your assets transfer directly to your chosen individual or…
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Celebrate Your ❤️ This Valentine’s Day: Add Your Spouse to Your House
Valentine’s Day is a time to celebrate love, and what better way to honor your spouse than by ensuring they are protected even after you’ve passed on? If you and your spouse have been married for decades and built a life together in your shared home, you might assume your spouse will automatically inherit the property…
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Time flies when you are having FUN!
August 1, 2024, marked the beginning of the 13th year for my law firm. I am honored every day to help our clients through difficult times and constantly strive to provide a high level of customer service. A sincere thank you to the many people and businesses who continue to put your trust in me…
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POA for College Students
This time of year can be hectic in preparation for the upcoming school year – attending orientations, preparing school supplies and shopping for dorm decorations. So much goes into planning for the future! One important aspect that is often overlooked is securing power of attorney for students as they leave home for college. Power of attorney documents designate an agent to make decisions on one’s behalf. They can be either springing or durable. • A springing power…
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Asset protection planning
Asset protection planning involves intricate discussions that extend beyond the scope of a single post. Essentially, you can establish a separate entity to hold your assets, and if done correctly, at least five years before applying for government-funded long-term care, these assets are excluded from eligibility determinations. The most common approach is through the use…
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National Healthcare Decision Day
It is National Healthcare Decision Day! Today is the day to review your Healthcare Power of Attorney document and make sure it still reflects your wishes regarding end of life decisions. If you don’t have a POA, today might just be a good day to schedule an appointment with an estate planning attorney to begin…
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Share the ❤️ Valentine’s Day
with Planned Giving At Rebecca Mason Law, we believe in celebrating love not just with flowers and chocolates (and here in Racine, Kringle) but also through acts of kindness that extend beyond our lifetime. This Valentine’s Day, as we experience the joy of giving, let’s also consider Planned Giving as a way to continue our…
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KEY PEOPLE IN YOUR ESTATE PLAN
During Your Lifetime Healthcare Agent In your Healthcare Power of Attorney (HCPOA), you appoint individuals who will serve as your Agent and your Successor Agent for your medical decisions. You’re HCPOA Agent cannot act on your behalf until and unless your HCPOA is “activated” by two (2) physicians who have evaluated you and determined that…
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