Reasons to start estate planning this Spring are all about getting a fresh start! Spring has sprung! The birds are chirping, flowers are blooming, and there's a fresh sense of renewal in the air. It's the perfect time to tackle that spring cleaning list, but what if we told you there's an even more [...]
Wills and trusts may seem like just documents to some, but they are the foundation of protecting your legacy. Estate planning can feel overwhelming, especially when terms like "wills" and "trusts" get thrown around. You know you want to ensure your loved ones are taken care of after you're gone, but navigating these legal [...]
A Spousal Lifetime Access Trust (SLAT) may be a tool that you need in your estate planning to stay ahead of taxes. In the world of estate planning, the landscape is ever-changing, with tax laws and regulations in constant flux. Recent proposals to alter federal estate and gift tax exemptions serve as a stark [...]
How do you preserve generational wealth? In today's fast-paced world, where financial stability and security are paramount concerns, building generational wealth has become a significant goal for many families. Generational wealth isn't just about accumulating riches for oneself; it's about ensuring that those assets are preserved and passed down to future generations. At Lexern [...]
Life insurance in estate planning is a crucial aspect of financial management often overlooked or delayed by many individuals. Yet, it holds significant importance in securing the future for your loved ones and ensuring your assets are distributed according to your wishes. Among the myriad tools available for estate planning, life insurance stands out [...]
Making your estate plan tax efficient may not be in the forefront of your mind when it comes to thinking about your legacy. But with the right planning, you'll be able to make your estate plan tax efficient, saving your assets for future generations. Estate planning is not merely about passing on your assets; it's [...]
Are severance agreements dead? The value of those agreements for employers will be significantly less if employees are free to disparage employers after being paid. Update to Employee Severance Agreements by The National Labor Relations Board (NLRB) In recent years, the landscape of employee severance agreements has undergone significant scrutiny and adjustment, particularly with [...]
Understanding the U.S. DOL's New Rule on Independent Contractor Classification The landscape of worker classification in the United States has seen significant shifts over the years, with legal interpretations and regulations evolving to adapt to changing economic realities. One of the pivotal areas in this arena is the classification of workers as either independent [...]
Updating your will after divorce is a crucial step in your new chapter. Divorce is not just the end of a marriage; it marks the beginning of a new chapter in life. Amidst the emotional and logistical adjustments, it's crucial to address practical matters, including updating or initiating an estate plan. While often overlooked, [...]
Estate planning for couples is a great topic for you and your partner this Valentine's Day! Valentine's Day is not just about chocolates and roses; it's also a perfect time for couples to consider building a lasting legacy together through estate planning. While conversations about wills and trusts might not seem romantic, they are [...]
