Regardless of your feelings about her music, her attendance at National Football League games, or anything else related to the popstar, it’s hard to argue that Taylor Swift isn’t a cultural phenomenon. In 2023, Taylor launched a multi-city tour that broke records for attendance, sales, merchandising, and gross revenue; the Federal Reserve credited her with boosting the country’s economy; and Time magazine named her Person of the Year. While interesting, these statistics only tell part of the story. When Taylor Swift takes action, her legions of fans, called “Swifties,” take notice. Often, blog ..read more

You work hard to accumulate your assets, but are you putting any effort into protecting them? This is a question you should ask yourself because you could lose a lot if you are caught unprepared. With this in mind, we will take a look at asset protection from a few different angles in this post.Small […] The post Have You Considered Asset Protection? appeared first on Parman & Easterday ..read more

Matthew Perry died at the end of 2023. While it seems unlikely that Matthew’s estate will end up embroiled in a court battle as we see with other celebrity estates, that doesn’t mean that we can’t learn anything from his death and Estate Plan. The post There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan appeared first on Parman & Easterday ..read more

Life insurance stands as a versatile tool in estate planning. It offers various strategies to safeguard assets and provide financial security for loved ones. In this post, we will look at some of the ways that life insurance can be included in your plan to cover certain bases.Understanding Life Insurance: Whole vs. TermLife insurance comes […] The post Life Insurance Can Be a Useful Part of Your Estate Plan appeared first on Parman & Easterday ..read more

Estate planning can seem daunting, filled with complex terms that may be unfamiliar. In this post, we will demystify these terms, making the estate planning process more approachable and understandable.WillA will is a foundational legal document in estate planning. It specifies how a person’s assets should be distributed after their death. By creating a will, […] The post Deciphering Estate Planning Jargon: A Comprehensive Guide appeared first on Parman & Easterday ..read more

Cryptocurrency, once confined to fringe corners of the financial world, has now risen to mainstream prominence. While its volatile nature offers the potential for significant gains, a crucial aspect often overlooked is estate planning.Failing to prepare for your cryptocurrency’s future can leave your digital assets lost in a labyrinth of inaccessible wallets and forgotten passwords, […] The post Secure Your Cryptocurrency With the Proper Estate Planning appeared first on Parman & Easterday ..read more

The Applicable Exclusion Amount (“AEA”) permits individuals to transfer a certain amount of property either during life or at death without worrying about incurring an estate or gift tax. Passage of the Tax Cuts and Jobs Act of 2017 temporarily doubled that amount thereby allowing significant amounts of wealth pass from one generation to another without imposition of tax. As we draw nearer to January 1, 2026, and the sunset of those doubling provisions, attorneys and clients alike will rush to utilize whatever remains of their AEA to avoid losing it. Married individuals have a particularly use ..read more

As we age, the prospect of needing long-term care becomes a harsh reality for many. Unfortunately, misconceptions often cloud the waters, particularly regarding the role of Medicare and Medicaid in this crucial aspect of senior care.While Medicare provides invaluable health insurance coverage, it’s crucial to understand its limitations when it comes to extended custodial care.Understanding […] The post Facing the Future: Navigating Long-Term Care and Medicaid Eligibility appeared first on Parman & Easterday ..read more

Inheritance planning often evokes images of wills and legal documents, filed away and gathering dust until a life’s journey ends. But this static perspective does a disservice to the reality: estate planning is a dynamic process, evolving alongside you through life’s chapters.As priorities shift and circumstances change, so too should your plan adapt, ensuring your […] The post Redefining the Journey: Inheritance Planning as a Lifelong Process appeared first on Parman & Easterday ..read more

Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting Company. The provisions of the Corporate Transparency Act are designed to help prevent and combat money lau ..read more