What Is a Digital Asset for Estate Planning?

At any given time, the average American maintains between 30 and 50 online accounts. These may be with banks, financial institutions, utility companies, email providers, social media outlets, commercial shopping or travel sites and accounts unique to technology, such as an account to purchase apps for a smartphone.

Should Each Child Get Equal Inheritance?

Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.

2023 Gift and Estate Tax Exemptions Increase for Federal and Connecticut

The federal lifetime gift and estate tax exclusion will increase for 2023, with possible increases for 2024 and 2025. However, these high thresholds are only temporary, unless there is a change in tax law.

What are the Big Takeaways for Social Security in 2023?

2022 has been a tough year for many seniors, but the outlook for 2023 shows some potential ‘silver linings.’

What Exactly Does an Executor Do?

The main responsibility of an executor of a will is to carry out the final wishes of the person who bestowed that position of trust.

Can I Leave Money to My School in My Estate Plan?

A love for nursing and a desire to help young people prompted a Norfolk man to include a nursing scholarship at Northeast Community College in his estate planning.

Why Professionals and High Net Worth Families Need Estate Planning

Physicians may deal with life and death issues every day. However, few may want to think about the eventuality of their own end.

What Is Social Security Increase in 2023?

The government has announced a change that may help ease the pain for those who depend on Social Security, along with two others that will affect those who are still working.