This article was originally published on June 15th in the Collier Community Foundation Professional Advisors Council Summer Newsletter Click here to read the entire newsletter Empowered Philanthropy: A Testimonial "As an estate planning attorney and Chartered Advisor in Philanthropy (CAP), I regularly meet with clients eager to contribute to charitable causes but unsure where to direct their ...
As the 2024 hurricane season approaches in Southwest Florida, memories of Hurricane Ian remain vivid. It’s crucial to be prepared for an evacuation at a moment's notice, especially if you face unique health challenges. Highlighting this urgency, Colorado State University's hurricane forecast for 2024 is predicting 23 named storms. This guide is tailored to ensure your health needs don't get ...
“No act of kindness, no matter how small, is ever wasted.” – Aesop Since 2010, over 240 signatories from 29 different countries have joined the Giving Pledge, a global initiative, uniting individuals of diverse backgrounds towards the common goal of a public commitment to philanthropy. You may be familiar with some of its founders, Bill Gates, and Warren Buffet, alongside additional individuals ...
The following is our checklist of year-end tax strategy items and matters we believe you should consider addressing between now and the year’s end. Many of these helpful tips require a discussion with your financial and tax advisors, and we are available to collaborate. Before we begin, remember that your CPA and financial advisor have invaluable information that is a simple phone call away, be ...
BOI Report Filing Deadline Approaching: December 31, 2024 File Now to Avoid Penalties As you may be aware, in 2021 Congress passed the Corporate Transparency Act. One of the requirements of this legislation is that many businesses must prepare and file a Beneficial Ownership Interest Report (“BOI Report”) with the Financial Crimes Enforcement Network (FinCEN) of the Department of Treasury. Who ...
This article was originally published in the Collier County Bar Assocation Magazine, Adverse Witness. Click here to see the original. Mr. and Mrs. Brady have come to your office for a consultation regarding their estate plan. They have two children, Bobby and Cindy. Cindy, who is 18 years old, has Down syndrome and is receiving governmental benefits, specifically SSI and Medicaid. Bobby, who is 25 ...
This article was originally published in the Collier County Bar Assocation Magazine, Adverse Witness. Click here to see the original. Mr. and Mrs. Brady have come to your office for a consultation regarding their estate plan. They have two children, Bobby and Cindy. Cindy, who is 18 years old, has Down syndrome and is receiving governmental benefits, specifically SSI and Medicaid. Bobby, who is 25 ...
Too often, the way we title newly acquired assets and financial accounts is too casual. The financial advisor or salesperson asks you how you wish to take the title and who you would like to be the beneficiary of the financial account. All too often, they create a TOD, which stands for transfer on death. Therefore, the account will pass directly to your heirs without any aggravation. ...
Perhaps you have been in control of your finances for the majority of your life. You pay the bills, file the taxes, and make savings and investment decisions. But in the violent, chaotic, and busy world we now live in, it’s becoming more and more difficult to stay on top of the ever-changing stock markets, tax rates, and estate laws. More importantly, your golf handicap needs a bit of work. Now ...
Perhaps you have been in control of your finances for the majority of your life. You pay the bills, file the taxes, and make savings and investment decisions. But in the violent, chaotic, and busy world we now live in, it’s becoming more and more difficult to stay on top of the ever-changing stock markets, tax rates, and estate laws. More importantly, your golf handicap needs a bit of work. Now ...
“No act of kindness, no matter how small, is ever wasted.” – Aesop Since 2010, over 240 signatories from 29 different countries have joined the Giving Pledge, a global initiative, uniting individuals of diverse backgrounds towards the common goal of a public commitment to philanthropy. You may be familiar with some of its founders, Bill Gates, and Warren Buffet, alongside additional individuals ...
The following is our checklist of year-end tax strategy items and matters we believe you should consider addressing between now and the year’s end. Many of these helpful tips require a discussion with your financial and tax advisors, and we are available to collaborate. Before we begin, remember that your CPA and financial advisor have invaluable information that is a simple phone call away, be ...
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Edward E. Wollman, J.D., LL.M., C.A.P.Continue Reading
Too often, the way we title newly acquired assets and financial accounts is too casual. The financial advisor or salesperson asks you how you wish to take the title and who you would like to be the beneficiary of the financial account. All too often, they create a TOD, which stands for transfer on death. Therefore, the account will pass directly to your heirs without any aggravation. ...
This article was previously published in the Naples Daily News Estate Planning Council Supplement on March 3, 2024 Imagine your revocable trust as an empty box. Funding is the equivalent of placing your valuable assets inside the box to safeguard them for the future. This is achieved by renaming (retitling) ownership of an asset from yourself to the box's manager (trustee). In certain situations, ...
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By: Edward E. Wollman, J.D., LL.M., C.A.P. Board Certified Wills, Trusts & Estates AttorneyContinue Reading
Imagine you're setting out on a journey, one that impacts not just you but also those you care about deeply. Consider having a tool that not only guides this journey but also ensures your valued assets transfer to your loved ones according to your wishes. This tool is a trust. It's not merely for the affluent; it's a practical resource for anyone aiming to navigate their future with precision and ...
