When planning, taxes are an important consideration. Of course, that does not mean they are the only consideration, or even the most important consideration. That’s the reason taxes appear as the final estate planning consideration on the list. Taxes really break down into two components: taxes for yourself and taxes of your beneficiaries. Here are some important tax considerations when planning: Estate, gift and GST taxes: Have you considered ways to eliminate or minimize these transfer … [Read more...]
The ABC’s of Thurviving
Carolyn changes it up and instead of sharing wisdom she has learned from clients, she shares some of her own wisdom about her miraculous journey. … [Read more...]
Estate Planning is Too Important to Procrastinate
Most of us recognize that estate planning is the loving and responsible thing to do. Yet, only 44% of adult Americans even have so much as a simple Will, according to a Gallup poll.Our world is increasingly complex. It seems our lives are busier than ever. Interestingly, this may not be what leads us to procrastinate. According to Psychology Today, there are three reasons we might procrastinate:Things Get Done. We procrastinate until we are faced with a deadline and the deadline … [Read more...]
6 Important Estate Planning Considerations – Part 5: Retirement Assets
This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the potential for future Long-Term Care (“LTC”) needs. The third article focused on the differing needs of the … [Read more...]
Free eBook Download of Cutting to the Core – June 18, 2018
Carolyn is sharing her book - "Cutting To The Core" for free! Click to download your free copy on June 19, 2018 at Amazon.com. … [Read more...]
6 Important Estate Planning Considerations – Part 4: Beneficiary Designations
This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the potential for future Long-Term Care (“LTC”) needs. The third article focused on the differing needs of the … [Read more...]
NSU Distinguished Alum Shares Powerful Advice for Students
When Carolyn Thompson faced a cancer diagnosis and was given eight weeks to live, she believed in one powerful truth.“I believed I was going to survive and that God would have a great and mighty purpose,” said Thompson, a 1991 graduate of Northern State University.That was 2015. Today, Thompson is in remission, has published a book, and is running a successful business.As the 2018 Distinguished Alumna for the NSU School of Business, Thompson encourages NSU students to believe in … [Read more...]
6 Important Estate Planning Considerations – Part 3: Your Kids
This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the potential for future Long-Term Care (“LTC”) needs. This third article focuses on the differing needs of the … [Read more...]
No Do Overs!
No Do overs? No Practice Runs? Wheres the Reset Button? Carolyn explains a little about the important of proper estate planning through an anecdote of a client she recently met with. … [Read more...]
6 Important Estate Planning Considerations – Part 2: Long-Term Care
This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.Often, when people think of “estate planning” they think it’s a task only for what happens after death. While an estate plan certainly deals with the distribution of assets at death, it also is about preparing for the complexities of life.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the … [Read more...]
