Monthly Archives: July 2024
![moving away from home : is an estate plan on your move-out checklist? moving away from home : is an estate plan on your move-out checklist?](https://www.mcdonaldesq.com/wp-content/uploads/2024/07/AdobeStock_684261581-150x150.jpg)
Are You Ready to Move Away from Home?
Moving away from home is a major milestone in adulthood. For the first time, you might have to secure housing, buy insurance, sign up for utilities, and manage your finances. All of this can feel overwhelming as you simultaneously adapt to a new living environment and possibly a new career. With greater independence comes… Read More »
![Understanding why estate plans can fail, and how to protect yourself and your loved ones Understanding why estate plans can fail, and how to protect yourself and your loved ones](https://www.mcdonaldesq.com/wp-content/uploads/2024/07/AdobeStock_714111658-150x150.jpg)
Don’t Let Your Estate Plan Go Up in Smoke
Fewer people are creating estate plans today than in years past. Research shows that, in 2024, less than one-third of Americans report having a will.[1] Every adult—whether they are 18 or 98—should have a will at a minimum. Many people can also benefit from estate planning documents such as trusts, powers of attorney, and… Read More »
![Things to consider in estate planning for beneficiaries with substance abuse issues Things to consider in estate planning for beneficiaries with substance abuse issues](https://www.mcdonaldesq.com/wp-content/uploads/2024/07/AdobeStock_602317809-150x150.jpeg)
Things to Know When Estate Planning for an Addicted Loved One
It has been said that the only thing harder than being an addict is loving one. It can be particularly difficult for a parent to bring a child into the world, full of hopes and dreams about their future, and then watch them spiral down into addiction. Having someone in your life who struggles… Read More »
![The importance of estate planning for millennials The importance of estate planning for millennials](https://www.mcdonaldesq.com/wp-content/uploads/2024/07/AdobeStock_451126380-1-150x150.jpeg)
To the Millennials: The Time to Plan Is Now
As a millennial, you are contributing to the workforce in a major way and are making positive changes in the world around you. We understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that protects your future and addresses the… Read More »
![Understanding the implications of the Corporate Transparency Act (CTA) Understanding the implications of the Corporate Transparency Act (CTA)](https://www.mcdonaldesq.com/wp-content/uploads/2023/12/AdobeStock_504402560-150x150.jpeg)
Corporate Transparency Act Update
Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). In these filings, applicable businesses must disclose important information about their entity. However, recent developments have called… Read More »