Progeny Law Firm

Grantor trusts are a particularly powerful tool in estate planning. They allow the taxpayer to remove assets from their taxable estate, while those assets can grow tax-free because the grantor is paying the income tax for the trust. The post The Magic of Grantor Trusts appeared first on Progeny Law Firm. http://dlvr.it/SyBrx3

Hidden Risks of DIY Estate Planning The post The Hidden Risks of DIY Estate Planning  appeared first on Progeny Law Firm. http://dlvr.it/SxtT5L

When you hear estate planning, you might imagine elderly individuals who have amassed a large amount of wealth and are pouring over documents while contemplating their legacy. However, the estate planning process is important for everyone, not just the wealthy or elderly. Young adults should begin estate planning early to get a head start and […] The post Estate Planning for Young Adults: Why It’s Never Too Early to Start appeared first on Progeny Law Firm. http://dlvr.it/SxZ360

Planning ahead is the best way to protect your family and yourself. Uncertain times can bring unforeseen hardships that require serious thought and choices regarding your estate plan. Even the best plans can be crushed due to economic uncertainties such as market instability and recessions. The country has experienced too many disruptions to even count […] The post Estate Planning During Times of Uncertainty appeared first on Progeny Law Firm. http://dlvr.it/SxFWVj

Estate planning is a term that covers a wide range of methods used to protect assets and ensure the transition of assets to your loved ones. The process entails drafting various legal documents such as wills, trusts, POAs, and other directives. However, estate planning also includes financial management and minimizing tax burdens. A helpful tool […] The post Life Insurance and Estate Planning appeared first on Progeny Law Firm. http://dlvr.it/SwxKz0