The Mission Wealth
Insights Blog:
Estate Planning
Naming a Charity as a Beneficiary of Your IRA
For those that are charitably inclined, there are some good options to consider when naming a charity as a beneficiary of your IRA.
Holiday Conversations Lead to More Fulfilled Lives
By taking the time this holiday season to discuss your long-term financial and care needs, you set your family and your legacy up for long-term success.
October is Special Needs Planning Month
Corporate trustees can be a good solution for many estate planning considerations. However, there are pitfalls that one needs to be aware of before naming a corporate trustee.
How Corporate Trustees Can Ease Family Estate Planning Tension
Corporate trustees can be a good solution for many estate planning considerations. However, there are pitfalls that one needs to be aware of before naming a corporate trustee.
Lack of Estate Planning Cost Prince’s Estate Roughly $87 Million
Estate planning with wealth can be complicated. Our Director of Estate Strategy Andrew Kulha, explores the details of Prince’s estate and probate, and what estate planning, or the lack thereof,...
Understanding Intra-Family Loans
You may have considered loaning money to a family member since there are several advantages of intra-family loans. Find out more in this blog.
Estate Planning for Your High School Graduate
It’s that time of year again when millions of students will be graduating from high schools all across the country. Although most of their parents will still think of these...
Charitable Giving During the Pandemic
A recent study from Bank of America showed that almost 90% of affluent households gave to charities in 2020 – despite pandemic challenges. They found significant changes in how each...
Inspired Gifts for the Family
Gifts for the family can be experiences that create happiness for everyone, as none are as impactful as reaching out and making someone else’s life a little bit easier. Charity...
Align Your Financial Plan with Your Values
Many people are discovering that their financial journeys are even more fulfilling when they align their plans with their values. Read on to learn a few investing, spending, and giving...
What Proposition 19 Means for Californians
Will your children keep your CA residence after your passing and are you willing to give them your house before 2/15/21? Are you thinking of moving within CA and approaching...
Rethinking Your Pandemic Charitable Giving Strategy
The pandemic has created economic and health care challenges that continue to stretch our resources. But how does all of this affect how we give charitably? We’ve highlighted our top...
Estate Planning 101: Planning, Preparation and Process
Many of our clients have questions in regards to settling an estate after a loved one has passed. In this article, client Advisor Amanda Thomas shares her Estate Planning journey,...
The ABCs of Estate Planning Documents
Estate planning documents are generally created once or twice during a person’s life and then they are put in a drawer, and largely not reviewed thereafter. They are then referenced...
Retirement Plans for Small Businesses
As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to an employer-sponsored retirement plan....
Wills: The Cornerstone of Your Estate Plan
If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use...
Special Considerations for Second Homes
A rustic cabin. a seaside cottage. Has it been a lifelong dream of yours to own a second home? Buying a vacation home can be an alluring prospect. Before you...
Preparing for Parenthood
Parenthood may be one of the most rewarding experiences you’ll ever have. As you prepare for life with your baby, here are a few things you should think about.
Estate Planning: What Are Your Needs?
By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death...
A Big Gifting Opportunity in New Tax Code
Although the the recent Tax Cuts and Jobs Act bill of 2017 certainly offers its fair share of complexity, it also presents a tremendous opportunity that many high-net-worth households don’t...
How to Ensure Your Life Wishes Are Granted Through Effective Estate Planning
Legacy planning is often the last piece folks tackle in their financial planning, because it’s the least appealing to think about. But if you put off your legacy planning too...
Estate Planning and 529 Plans
When you contribute to a 529 plan, you’ll not only help your child, grandchild, or other loved one pay for school, but you’ll also remove money from your taxable estate....
The Tax Benefits of Home Ownership
In tax lingo, your principal residence is the place where you legally reside. It’s typically the place where you spend most of your time, but several other factors are also...
How a Financial Professional Can Help You
Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding...
Qualified Charitable Distributions (QCDs) – A Strategic Way to Give
This year saw one of the largest tax reforms in over three decades. Two of the major changes – an increase in standard deductions and reduced/eliminated itemized deductions – have...
4 Smarter Ways to Financially Help Your Adult Children
According to a recent study by TD Ameritrade, 25% of baby boomers are supporting their family members.. Support to adult children averages out to $10,000 per year. That’s $10,000 that...
Tips to Help Your Kids Build Credit in College
Beginning to build credit is an important step for your children to take as they begin to become more independent, but they may require some help along the way. After...
New Baby on the Way? 6 Tips to Help You Prepare Financially
A recent study found that 57% of parents regretted not taking more financial action during the first year of their baby’s life. Working through this simple checklist with your spouse...
How to Help Manage a Child’s Inheritance
As “baby boomers” age into retirement and a lot of trusts set up by the grandparents years ago begin distributing funds to the grandkids (typically by ages 25-35), many of...
Changes to the Estate Tax Laws
This is a brief summary of the significant changes to estate tax laws and 529 Plans this year, provided by Kenneth E. Devore & Associates.
The Perfect Holiday Gift: Charitable Giving Strategies
With the strong stock market returns, many clients have appreciated securities in their investment accounts and may incur capital gains tax should they sell these holdings. One avenue many use...
The New Way to Leave a Lasting Legacy
Many families today are looking for planning and legacy tools to supplement their traditional estate planning documents. Beyond making sure taxes are paid and distributions transfer smoothly, families care about...
The Added Value of Financial Advisors (PDF)
Vanguard says that a good advisor may add up to 3% of value-added returns. Mission Wealth employs all the principles listed in this attached research piece. Click the image below...
5 Smart Ways to Use an Unexpected Windfall
If you’ve received an unexpected wealth windfall, inheritance or have gained a large amount of wealth in a shorter than average time, an experienced financial advisor can work with...
Charities and IRAs: Your Questions Answered
Can I make charitable contributions from my IRA? Yes, if you qualify. The law authorizing qualified charitable distributions, or QCDs, has recently been made permanent by the Protecting Americans...
