Congress passed many tax law changes in 2020 to help cope with the pandemic. While some of these expire at the end of 2020 you need to know them to help to help your donors make year-end decisions. The summary is in a PowerPoint presentation that you can find at the link below. It was part of a … [Read more...] about 2020 tax law changes Illinois nonprofits need to know
DO YOU HAVE SOCIAL MEDIA ACCOUNTS? INCLUDE THEM IN YOUR ESTATE PLAN!
In today’s technologically driven world, most people have at least one email account, online banking account, and social media account. These are just some examples of a digital asset. A digital asset is anything stored on computers, cellphones, or in a cloud-based storage system. The actual … [Read more...] about DO YOU HAVE SOCIAL MEDIA ACCOUNTS? INCLUDE THEM IN YOUR ESTATE PLAN!
Is Your Estate Plan Up To Date? Why It Matters!
If you have an estate plan you have taken an important first step in providing for your family. However, and estate plan is not one and.done. Your family’s circumstances and tax laws will change in your plan needs to incorporate the changes. This is especially true in these uncertain times of … [Read more...] about Is Your Estate Plan Up To Date? Why It Matters!
Once You Sign Your Estate Planning Documents, You Are Not Finished!
Once you have signed your estate planning documents you may think you are finished. It is not the last step in the process. The next and most important step is to fund your trust and change your beneficiary designations so the plan will accomplish what you want. You fund your trust by changing … [Read more...] about Once You Sign Your Estate Planning Documents, You Are Not Finished!
The difference between executor, trustee, and agent.
Many people, when planning their estates, run across the above three terms which are often confusing to them, but important to know. They have important differences which you need to understand in order to have an effective estate plan. What is a trustee? If you have a revocable living trust, the … [Read more...] about The difference between executor, trustee, and agent.
