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March 2020 Archives

Planning to drink? Don't plan to drive

You enjoy a drink every now and then, but you don't usually drink so much that you could get into trouble. Keeping drinks to a minimum lets you have a good time while still leaving you sober at the end of the night, so you can drive home.

A 529 plan could be a good way to reduce the value of your estate

For estate tax planning, one thing you may be interested in is a 529 plan. This is a plan that is designed to help reduce state and federal estate taxes. According to Section 529 of the Internal Revenue Code, no amount of money can be included in your estate for the purpose of estate taxes if it is of an interest to a qualified tuition program. What that means is that if the assets in your estate plan are designated to be used in a 529 plan, then they may reduce the overall value of your estate and will not be taxed.

More car accidents happen after the time change in the spring

When the time changes in the spring and fall, people start to debate about whether is old practice is necessary. The time change in the spring brings with it longer days and signs that summer is fast approaching, but it can come with some risks, too. Statistics indicate that fatal car accidents spike in the days following daylight savings.

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