Financial Planning Insights

Greenspring Advisors Financial Planning Insights

Should We Get Married? An LGBTQ+ Couple’s Comprehensive Guide to Tax Planning

While filing jointly can bring significant financial advantages, it's a path that demands careful navigation. This post pulls back the curtain on the key tax benefits, potential pitfalls, and strategies LGBTQ+ couples should understand. From maximizing credits to mitigating marriage penalties, informed decision-making is the key to optimizing your financial future as a couple considering marriage.
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Greenspring Advisors Financial Planning Insights

Should We Get Married? An LGBTQ+ Couple’s Comprehensive Guide to Estate Planning

Twenty years ago, America’s first state-sanctioned same-sex marriage took place in Massachusetts. New research from the Rand organization suggests that the legalization of same-sex marriage has been broadly positive for gay and straight Americans alike. In fact, in states that legalized same-sex marriage, LGBTQ+ people showed higher levels of health insurance coverage, higher earnings, and greater rates of home ownership (WSJ). However, issues persist. There are still many situations, like adoption, second-parent adoption, and recognition of non-married partners, that require careful consideration and urgent attention. So, whether LGBTQ+ or not, married or not, it is imperative you prioritize your tax and estate planning so your wishes are met and executed.
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Family at a cookout
Greenspring Advisors Financial Planning Insights

Put Your Financial House in Order

Our money and financial life can become an unintended scavenger hunt with none of the fun prizes at the end. Performing a simple inventory of your money-life can provide a sense of clarity and peace of mind for yourself and the people who depend on you.
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Multigenerational Family
Greenspring Advisors Financial Planning Insights

A Busy Professional’s Guide to Financially Preparing to Care for Aging Parents

As our parents age, the responsibility of providing care often falls on the shoulders of their children. Caring for aging parents requires emotional support and careful financial planning. This can be challenging for those in the “sandwich” generation who are balancing caring for both their children and their parents, all while working.
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Greenspring Advisors Financial Planning Insights

Beyoncé, Blue Ivy, and the Investment Account Hiding in Plain Sight

Blue Ivy's income from her lifelong fame is turning into 6.4 million tax-free dollars. Here’s how she’s doing it, and how you can do it for your children too.
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Greenspring Advisors Financial Planning Insights

Unlocking Philanthropy: The Strategic Advantages of Donating Appreciated Assets

Philanthropy is a powerful tool for positive change, and donor-advised funds (DAFs) have become increasingly popular vehicles for strategic giving.
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Greenspring Advisors Financial Planning Insights

Considering Investing in Cryptocurrency? Here Are 3 Questions You Need to Ask First.

Unless you’ve been living under a rock the last couple years, it is inevitable that you have heard someone talk about investing in cryptocurrency (crypto).
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Business partnership coworkers using a tablet to chart company financial statements report and profits work progress and planning in office room.
Greenspring Advisors Financial Planning Insights

3 Reasons to Hire a Financial Advisor

Business partnership coworkers using a tablet to chart company financial statements report and profits work progress and planning in office room.
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Greenspring Advisors Financial Planning Insights

Finance After Loss

Losing your partner can be devastating. It is understandable that you may experience a flood of feelings - grief, sorrow, numbness, fear, anger, even guilt. To add insult to injury there are numerous financial items to address. When you are ready to tackle these items use this checklist as a guide to help you navigate your way to a new normal.
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