Estate Planning Gaps by Demographics: Insights from Trust & Will’s 2025 Report
The Hidden Gaps in Legacy Planning A new 2025 report from Trust & Will reveals stark disparities in estate planning: while 45% of Americans have a plan, gaps persist by gender, location, and ethnicity, leaving 55% vulnerable to probate, taxes, and family conflicts. For most Americans, these demographics matter—women, rural residents, and certain groups lag… View Article
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Year-End Gifting Strategies: Maximize $18K Limit Before 2026
Gifting – Your Tax-Smart Legacy Tool As 2025 winds down, the $18,000 annual gift tax exclusion offers a powerful way to reduce your estate while funding family futures. For American’s with $250K+ in assets, gifting shrinks taxable estates before the Tax Cuts & Jobs Act (TCJA) sunset potentially doubles taxes in 2026. With 70% of… View Article
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Demographic Shifts: Estate Planning for Blended Families and Gen Z Heirs in 2025
Legacy Planning in a Changing World With blended families comprising 16% of U.S. households and Gen Z entering inheritance conversations, 2025 estate planning must adapt to diverse dynamics. For most Americans over 50, traditional wills risk conflicts or digital oversights, leaving 70% unprepared for heirs’ unique needs. At J. Davenport Legal, we craft inclusive plans… View Article
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Three New Spending Surprises in 2025 Retirement: New Study Reveals
Unexpected Costs That Could Derail Your Retirement You’ve saved diligently for retirement, but what if hidden spending surprises drain your nest egg faster than expected? A recent JPMorgan analysis uncovers three emerging 2025 trends in post-retirement expenses, catching even careful planners off guard. For Americans over 50, these surprises—tied to inflation, health, and lifestyle—could mean… View Article
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Fall Financial Planning Month: Year-End Moves for 2025 Retirement Security
October’s Wake-Up Call for Your Retirement As leaves fall in October—Financial Planning Month—it’s the ideal time to prune your retirement portfolio before 2025’s tax deadlines. With 58% of Americans behind on savings and Tax Cuts and Jobs Act (TCJA) sunsets looming, year-end moves can save thousands. For most Americans, these actions secure income and legacy…. View Article
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Elder Law Trends 2025: Housing Strategies and Downsizing for Asset Protection
Your Home – The Ultimate Asset at Risk Imagine your family home, the cornerstone of your legacy, at risk from rising care costs or Medicaid recovery rules. For most aging American’s, elder law trends in 2025 make housing a focal point for protection. With 50% of retirees facing long-term care expenses exceeding $100K annually, downsizing… View Article
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