Spring is here, and so is tax season! While many are focused on filing their tax returns, this is also a great time to think about how taxes impact your estate and retirement plans. By making smart moves now, you can ensure that more of your hard-earned wealth goes to your loved ones instead of unnecessary taxes and legal fees. In this post, we’ll cover practical strategies to minimize estate…
If you have a retirement account or are set to inherit one, recent changes under the SECURE 2.0 Act could significantly impact how your IRA is managed and taxed. These new rules affect both beneficiaries named directly on an IRA and those inheriting through a trust. Here’s what you need to know to plan wisely and avoid unexpected tax burdens. How Inherited IRAs Worked Before SECURE 2.0 Traditional IRAs allow…
When it comes to estate planning, love and legacy go hand in hand. It’s not just about finances and documents—it’s about protecting the people you care about most and ensuring your values live on for generations. This February, take a moment to think about how you can secure your family’s future while making the process easier for them. Here’s how you can plan with care and compassion: 1. Secure a…
Starting your estate planning journey in 2025 is one of the most empowering steps you can take to secure your future and protect your loved ones. At Delaney Law, we understand that the process can feel overwhelming at first, but with the right guidance and tools, it becomes straightforward and manageable. Our goal is to simplify estate planning and give you peace of mind with a comprehensive, personalized approach. What…
Life is full of milestones—marriage, children, career changes, and even loss. Each of these events brings shifts in both your personal and financial circumstances, and with them comes the need to revisit your estate plan. It’s easy to think of estate planning as a "set it and forget it" task, but failing to update your plan after significant life events could leave your loved ones unprotected and your wishes unfulfilled.…
Setting a Foundation Early: Young Adulthood Scenario: You're starting to gain independence—perhaps you're going off to college, starting your first job, or even moving out on your own. It’s an exciting time filled with new responsibilities and decisions. Action Items: Establish Advanced Directives: This includes a healthcare proxy and a living will. These documents ensure your medical wishes are followed if you're unable to communicate them. Designate Beneficiaries: Make sure…
As retirement approaches, the focus of estate planning shifts significantly. What once centered on wealth accumulation for heirs now emphasizes ensuring financial stability, healthcare security, and fulfilling personal legacy goals. Here’s how your estate planning needs evolve with age and practical tips to get you where you want to be. Shifting Priorities In your 30s and 40s, estate planning might have been about growing wealth and securing your children’s future.…
Estate planning is an essential part of securing your legacy and ensuring the well-being of your loved ones. In today's complex world, a well-thought-out estate plan covers various aspects, from managing digital assets to planning for blended families. This guide provides an overview of key elements in estate planning, helping you understand the importance of each component and encouraging you to take the necessary steps to protect your family's future.…
In estate planning, few topics are as essential yet often misunderstood as advance directives. As an estate planning lawyer deeply committed to the well-being of my clients, I've witnessed firsthand the transformative power of these documents in preserving autonomy, dignity, and peace of mind. Through the intricacies of advance directives, we explore the vital role they play in shaping our futures with compassion and clarity. Understanding Advance Directives At its…
As an estate planning attorney, I've had countless conversations with parents about the importance of protecting their children. Here are proactive steps to ensure your little ones are always cared for, no matter what life throws your way. Don't forget to follow up with an appointment with us to get the proper paperwork in place. Temporary Guardianship: Who's Got Your Back? Picture this: an emergency arises, and you're unable to…
