Sep 27, 2022 | Estate Planning & Administration
Turning 18-years old is an important milestone for children and their parents. At this age, children begin to take on many responsibilities, including making financial, legal, medical, and other major life decisions for themselves. While children are minors, parents...
Sep 6, 2022 | Estate Planning & Administration
Shelly Donaldson, Cumberland Trust’s Vice President and Business Development Officer based in our Atlanta office, recently joined Signature Wealth Management Group as a guest on the Up and to the Right podcast. Shelly joined estate planning attorney Rob Petmecky to...
Aug 30, 2022 | Estate Planning & Administration
In an age where almost anything can be accomplished online, “do it yourself” estate planning websites have recently increased in popularity. While online estate planning may seem appealing when considering short-term cost savings, the long-term risks may not pay off...
Aug 16, 2022 | Estate Planning & Administration
Women control a third of total U.S. household financial assets—more than $10 trillion. Globally, women’s wealth is expected to reach $93 trillion by 2023. Women are also the largest beneficiaries of the current transfer of wealth—living an average of five years longer...
Aug 2, 2022 | Estate Planning & Administration
Thanks to recent changes from the IRS, it is now easier for high-net-worth couples to reduce federal estate taxes. The IRS extended the period for portability elections to five years after the date of death of the first spouse. The portability election allows a...
Jul 20, 2022 | Estate Planning & Administration
Marriage is a significant life event that typically results in changes to financial responsibilities and legal rights. However, while couples may share mutual assets—such as bank accounts, personal property, or real estate—it is still essential for both spouses to...
