Health savings accounts are tax-advantaged medical savings accounts available to people enrolled in high-deductible health plans (plans with deductibles of at least $1,700 for individuals and $3,400 for families). To qualify for a health savings account, your plan also needs to meet an out-of-pocket maximum below specified thresholds. In 2026, the out-of-pocket maximum for an HSA-qualified health plan must be less than $8,500 for individual coverage or $17,000 for family cove

Working with an estate planner provides the chance to create a comprehensive plan that addresses your needs at that point in time. It may be the case that your plan continues to serve your needs for years to come, but it’s far more likely that shifting laws, family dynamics, and your personal goals for your estate may shift. Talking to an estate planning lawyer ensure that your plan aligns with your new needs. Starting a New Job or Career Starting a new job is an exciting

Although you may have taken the time to create well structed wills and trusts, there are some common challenges which may present themselves upon your passing. Disputes amongst beneficiaries can result in bitter family relations, costly court proceedings and financial devastation. The following are some proactive measures you can take to avoid common challenges and ensure your documents accomplish your intended goals. Treat children equally: Certain family dynamics may have

Many people believe that estate planning is only for elders. The truth is that younger folks, including millennials, can benefit from having an estate plan of their own. Millennials are generally defined as individuals born between 1981 and 1996—that is, people between the ages of 29 and 45. This is the age at which many people start families of their own. If you have a child, you should at the very least have a last will and testament. It allows you to name a guardian for

The 2023 United States Census indicated that 49 percent of women over the age of 65 were not married. The figure for men over 65 was 21 percent. There are many reasons for this, of course, including divorce, the death of a spouse and changes in the way couples today view marriage. However, one thing unmarried people seem to have in common is that their planning needs can be quite different from those of married couples. And, according to an article in the Wall Street Journal,

Most people don’t think about protecting their assets until something bad happens, like a lawsuit, nursing home bill, or financial crisis. But by then, it might be too late. Truly, the best time to protect your assets is before you’re at risk. That’s where an asset protection trust can come in. These powerful legal tools can help shield your home, savings, or other important assets from future threats, but they only work if you plan ahead. In other words, if you’re already be