Create a System If you have a child with special needs, you need a system in place. This allows your designated individual to follow the system you have created. Create a document with important personal information. This includes full names, social security numbers,...
Estate, Wealth & Succession Planning
Election 2020 Estate Tax Implications: Putting Contingency Plans in Place
Election day 2020 is just around the corner. As we know all too well, trying to predict election results can be an exercise in futility. Estate planning clients need their trusted advisors to timely counsel them on how the election may impact their legacy planning....
Top Four Asset Protection Strategies
A common question from clients is: how do I protect my assets, usually from a lawsuit? My answer: Get liability insurance Max out your retirement accounts Compartmentalize assets through LLCs Create an asset protection trust The key to asset protection is that you...
Students: Three Documents Needed Before Leaving for Campus
As we enter the new school year with so much uncertainty, it is even more critical to make sure your college-aged children are prepared for anything. The last thing your student is thinking about is an estate plan, however, these documents are necessary in an...
Estate Planning for “Silver Splitters” in a Grey Divorce
The term “grey divorce” refers to the societal trend among people who are age 50 and older that has seen an increase in the divorce rate of older couples who have been married for a long time. Grey divorces are now estimated to account for 25% of all divorces, and the...
CARES Act RMD Rollovers – You Have Six Weeks Left!
In late March of 2020, the CARES Act was enacted in response to the Coronavirus pandemic. This law made a critical change for individuals receiving a Required Minimum Distribution (RMD) from a defined contribution plan such as an IRA, 401(k) or 403(b) plan......
Estate Planning for Influencers
Instagram, Facebook, Twitter, LinkedIn, YouTube and TikTok – influencers are using these social media platforms in the approximately $10M influencer industry. By 2022, this industry is expected to rise to approximately $15M. Influencers do not hold traditional jobs or...
KJK Client Alert: How the SECURE Act Will Change Retirement
In a rare showing of bipartisan cooperation in Washington, D.C., there is general agreement on both sides of the aisle that people need to be saving for retirement. On May 23, 2019, the House of Representatives passed the Setting Every Community Up for...
KJK Partner Erika Apelis Featured in Cleveland Jewish News Article: “Estate planning can benefit everyone – including the 99%”
By Becky Raspe, Cleveland Jewish News For the wealthy 1%, estate plans are an integral part of financial planning. But for the other 99%, many don’t see a reason to plan for their estate, especially if they feel they don’t have enough assets. According...
Take Control of Your Future: Estate Planning for All
A recent poll by Edward Jones has uncovered an alarming statistic: 64% of individuals or families working with a financial advisor have not discussed an estate plan with a professional. At the same time, the poll also found that approximately 77% of individuals...