Posts by ThriveAdmin
Wills vs. Trusts: What’s the Difference?
Proper estate planning ensures that your assets are distributed according to your wishes after your death. While there are plenty of ways to plan your estate, two common tools used in estate planning are wills and trusts. While wills and trusts similarly direct how your assets are handled, they differ significantly in certain areas. Understanding…
Read MoreThe Role of Insurance in Wealth Preservation
Wealth preservation is a critical part of estate planning. It ensures that your accumulated assets are protected and kept whole for your beneficiaries in case the worst happens. While many focus on wills, trusts, and investment strategies, insurance is often overlooked in a comprehensive wealth preservation plan. The right wealth management insurance solutions provide a…
Read MoreRecent Changes in Estate Tax Laws and Their Implications
When building a comprehensive estate plan, it’s important to consider the estate tax laws applicable to your assets. These can dictate how much of your estate may be subject to taxes upon your death, significantly impacting the wealth that can be passed on to your heirs. Significant changes to estate tax laws have occurred in…
Read MoreKey Considerations for Small Business Owners in Estate Planning
As a small business owner, how you approach estate planning naturally takes on a new dimension. Besides considering how to preserve your personal assets, you will also need to consider what will happen to your business. Both asset protection and business succession planning should be part of your comprehensive estate plan to ensure your chosen…
Read MoreCreating a Lasting Legacy through Charitable Giving
Philanthropy refers to the concept of selfless giving to improve humanity. Throughout history, individuals and organizations have contributed to the advancement of society through acts of generosity, laying the groundwork for future generations to promote social and environmental betterment. Estate planning for charitable giving has long been a means for individuals to be remembered for…
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