by Jiah Kim | Nov 24, 2017 | Estate Planning
When you prepare an estate plan, you make decisions about the future based on the information that you currently have available. As time goes on and circumstances change, you may find that your estate plan has become outdated. This is normal, and it is not...
by Jiah Kim | Nov 10, 2017 | Estate Planning
As a general rule, disposing of an asset that has appreciated in value triggers a tax obligation to the Internal Revenue Service (IRS). If you have held the asset for less than a year, you will owe ordinary income tax; if you have held it for a year or longer, you...
by Jiah Kim | Oct 29, 2017 | Estate Planning
When you go through a divorce, dealing with the legal and financial hurdles can seem like a never-ending process. Even if your split was amicable, the process almost certainly took time, and you probably spent a significant amount of time in the office or on the phone...
by Jiah Kim | Oct 8, 2017 | Estate Planning
While the United States Supreme Court’s landmark decision in the 2015 case of Obergefell v. Hodges confirmed same-sex couples’ Constitutional right to marry under the Fourteenth Amendment, both married and unmarried same-sex couples continue to face unique...
by Jiah Kim | Sep 18, 2017 | Asset Protection Planning, Estate Planning
Life insurance can provide a critical financial safety net for your loved ones if you die unexpectedly. But, if you do not plan accordingly, it can also create a substantial tax burden (eliminating many of the benefits your policy was designed to provide), and it can...
by Jiah Kim | Aug 4, 2017 | Estate Planning
As a parent, saving for your children’s education is likely among your top financial priorities. With the growing cost of higher education, many parents are saving hundreds of dollars a month, if not more, to make sure their children will be able to attend a quality...
