Estate and Charitable Planning Archives - Financial Consulting Group

3 Misconceptions Behind Legacy Planning

Posted January 2, 2019 0 0 0

The phrase “legacy planning” is being used more often in place of estate planning. “Legacy,” according to Merriam-Webster dictionary is defined as “a gift by will of money or other personal property”. Therefore, most believe that legacy planning...

Ensuring your IRA Donation to Charity is Tax-Free

Posted November 14, 2018 0 0 0

The rules surrounding required minimum distributions (RMDs) can be confusing. Taking the time to understand these rules along with the impact that your RMDs may have on your IRA, retirement account, financial plan and tax situation could save you...

Organizing and Simplifying Financial Tasks for Aging Parents

Posted April 11, 2018 0 0 0

ORGANIZING AND SIMPLIFYING FINANCIAL TASKS FOR AGING PARENT Are you seeing un-opened mail begin to pile up in your parents’ house? Are your Mom and Dad complaining about not having enough money and becoming forgetful about cash? These are all...

What Happens To Your Debt When You Die?

Posted June 2, 2017 0 0 0

Whether from credit cards, personal loans or student loans, most people have some amount of debt to their name when they die. It’s helpful to have a plan in place to ensure you won’t pass on debt to your descendants. Generally speaking, if a...