Sandwich Generation in a Unique Situation
Although it may be personally gratifying to financially help your elderly parents, being a member of the “sandwich generation” can result in estate planning complexities.
Whether you are still in the process of accumulating assets or wish to protect the wealth you have worked so hard to build, you want the peace of mind that comes with having financial professionals who will help you attain your financial and investment goals. Lumsden & McCormick Financial Services, LLC, a wholly-owned subsidiary of Lumsden McCormick, LLP, works with individuals and families to provide guidance every step of the way.
Learn more about how the proactive professionals on our Family Wealth and Estate Planning team will help you maximize your wealth, protect and preserve that wealth, and successfully transfer your wealth to the individuals and institutions important to secure your legacy.
Income Protection and Asset Preservation
For more information about our family wealth management and estate planning services, please contact a service team member below.
The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.Learn More
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More