by David Edwards | Aug 8, 2017 | Cost of Poor Planning, Counseling, not Documents, Estate Tax, Leave a Legacy, Tax
Have you ever heard the phrase, “stupid tax”? I hate paying a stupid tax, because it’s always something that could have been avoided. A few years ago my wife and I went with my parents to see an Illini basketball game in Champaign. After eating at...
by David Edwards | Jun 1, 2017 | Asset Protection, Cost of Poor Planning, Divorce Risks, For Your Business, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Long Term Care Risks, Marriage & Remarriage, Tax
If you’ve ever been robbed like I have, you know that awful feeling of violation and loss of control. More than the material things that are stolen, the loss of peace of mind and sense of security can have lasting effects. When I had just started practicing law,...
by David Edwards | Jan 10, 2017 | Asset Protection, Cost of Poor Planning, Counseling, not Documents, Getting the Job Done, Tax
“An ounce of prevention is worth a pound of cure.” When it comes to estate planning, this quote from Benjamin Franklin could not be more true. Oftentimes, people don’t think of estate planning, or the issues related to it, until it is too late. As a...
by David Edwards | Oct 11, 2016 | Business or Farm, Cost of Poor Planning, Divorce Risks, Kids' Inheritance, Marriage & Remarriage, Tax, Wills and Trusts
Don’t be caught with an out of date will. Keep the 3 L’s of estate planning in mind. You’ve finally finished creating your will with your attorney – congratulations! It’s a big undertaking. You’re probably thinking it’s time...
by David Edwards | Mar 10, 2015 | IRA's, Roth IRA's, Tax
“When is the second best time to pay your taxes?” Many of our clients have retirement accounts, such as an IRA, 401(k) or a 403(b). These accounts take careful planning. Why? Because the accounts typically have never been taxed, and how you plan for them...
by David Edwards | Mar 5, 2015 | Charitable Giving, Divorce Risks, For Your Kids, IRA's, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Roth IRA's, Tax
IRA planning can be tricky. In order to make sure you plan as best as you can, you should discuss the following questions with your attorney and other advisors: 1. Will you need the IRA funds during your life? If not, you may want to convert to a Roth or use the...
