Managing the intricacies of estate and financial planning becomes even more crucial when navigating the dynamics of blended families, where unique challenges and considerations often arise.

Don and Marjorie, both in their late 80s, decided to move closer to their daughter, Amy. Don’s health was declining fast and Amy knew she needed to understand her parents’ financial situation quickly. She reached out to a Savant advisor for help.

The rules for inherited IRAs have become quite complex over recent years due to new legislative changes. When you first inherit an IRA, there are a few key rules to remember to help avoid any unintended consequences.

Financial advisor Don Duncan discusses Savant’s integrated approach and how the 10 key planning areas work together to help clients work toward achieving their financial goals.

Nothing is easy when it comes to building significant net worth from the ground up; it can take decades of hard work, sacrifice, and discipline. But there may be one thing that can seem harder: ensuring your family holds on to that wealth after you’re gone to create generational wealth.

When discussing estate settlement, the term “probate” frequently arises. Probate, as a legal process, ensures the systematic distribution of assets following someone’s passing, but it can evoke mixed emotions among surviving family members. 

If you’re caring for a loved one with special needs or disabilities and you’re not sure where to turn, what to do, or how to do it, you’ve come to the right place. Here’s a checklist to help you become as organized and buttoned up as possible.

Serving as the executor of a loved one’s estate comes with responsibilities that can seem overwhelming – from understanding the legal obligations to managing assets and distributing the estate. It is important for you to know what is expected of an executor or trustee and how you can help provide for smooth administration in the future.

It can be scary and difficult to talk to your family about your finances. But the holidays can present a perfect opportunity to start the conversation.

So many things have changed over the last few years. If your estate plan hasn’t changed, it may be time to dust it off and think about what you want for the future – specifically, what you want for your heirs.

If you have children under the age of 18, appointing a legal guardian now will not only help provide you peace of mind, but it can also help ensure a smooth transition for your children in a very difficult situation.

Is your child reaching the age of majority soon? If so, you may want to explain the legal ramifications of this important milestone and walk through these basic estate planning concepts.