Hello Reader,

March is a pretty fun month. The weather is still nice, we get to celebrate St. Patty's Day, and March Madness kicks off.

Technically the Madness is half over since the Elite 8 starts this weekend. Three of the four #1 seeds are still alive. I'm excited to see how my bracket will play out. But, if you don't care about college basketball, then, I guess, all you have to look forward to is Tax Day in April.

What You Should Know Before Tax Season 2022

Nobody likes filing their taxes. But, as Benjamin Franklin tells us, “nothing can be said to be certain, except death and taxes.” Honestly, I sometimes think that if I were given a choice, I'd pick the former!

Be that as it may, tax season has again reared its ugly head. And as we close in on the end of the 2022 tax season, it's good to give some extra thought to your taxes. Remember, things change each year: Your financial situation evolves, tax figures are updated, and statutes expire. All of these factors can affect your taxes. So, here's what’s new, what’s the same, and what you can do to come out on top.

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Historic Executive Order On Cryptocurrency and Digital Assets

Earlier this month, President Biden issued a first-of-its-kind executive order focused solely on crypto and digital assets. The importance of this EO to the future of cryptocurrencies cannot be overstated.

Though the order contained no explicit regulations, it did lay out a general regulatory approach that relies on inter-agency cooperation. Regulation is coming to the crypto industry, even if we don't yet know what it will look like or when it will arrive. If you are invested in crypto, plan to invest, or have other digital assets, it's important to understand what could be on the horizon and how it could affect you.

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How Are Your New Year's Resolutions Faring?

In my January newsletter, I wrote about New Year's resolutions and how surprisingly few people follow through on them. I also included some tips to help you try and stick to your resolutions.

I sincerely hope you're well on your way to achieving your personal resolutions and that your resolve hasn't begun to flag.

But what about your estate planning resolutions? I suggested 10 action items back in January that would put you on the right path for 2022. Have you...

1. Reviewed and revised your will?
2. Updated your power of attorney?
3. Funded all of your trusts?
4. Reviewed how your assets are titled?
5. Organized your digital assets?
6. Reviewed your fiduciary and beneficiary designations?

[See all 10 resolutions]

Thanks for reading. If one of your goals for the year is to create or revise your estate plan, don't wait. I know it's only March, but you will be surprised how quickly the rest of the year can fly by.

Your financial legacy is important, and you can't build a comprehensive estate and asset protection plan overnight. So, start the ball rolling now. Reach out to me to schedule a complimentary financial legacy review.

Sincerely,