Life Insurance Is An Important Asset Which Should Be Managed! Based on a study by the National Association of Insurance Commissioners, over 60% of people who own life insurance are not sure what the policy provides, and 29% admitted that they needed more insurance! Today’s life insurance policies are complex financial instruments and should be...
Take care of a loved one who has special needs with an SNT Special needs trusts (SNTs), also called “supplemental needs trusts,” benefit children or other family members with a disability that requires extended-term care or that prevents them from being able to support themselves. This trust type can provide peace of mind that your...
Irrevocable trusts can provide a variety of benefits, including gift and estate tax savings, creditor protection, and the ability to control how assets are distributed. To preserve these benefits, however, it’s critical to respect all trust formalities. Case in point Here’s an example of just how critical this can be: In U.S. v. Tingey, a...
4 Tools for Addressing Incapacity in your Estate Plan Estate planning is often associated with death. But it’s just as important for your plan to address incapacity associated with illness, injury, advanced age, or other circumstances. Unless you specify how financial and health care decisions will be made in the event you become incapacitated, there’s...
Hauppauge, NY (January 6, 2014) — Fuoco Group is proud to announce the promotion of Laura Marques, CPA to Director. Marques previously served as a Senior Accountant to the firm. Marques joined Peare & Heller in 2001, which in 2003 merged into Fuoco Group. As a Director, she specializes in providing audit services to not-for-profit...
