Your Legacy Made Clear: What to Include in a Letter of Instruction
A Letter of Instruction may not have the legal standing of a will or trust, but it’s an invaluable document in your estate planning toolkit. It provides your heirs and executor with vital information, from where your assets are located to your funeral wishes, making the process of settling your estate smoother and less stressful. […]
Defining Your Legacy
For many individuals and families, the concept of a legacy extends far beyond financial assets. It’s about the impact you leave behind, the values you instill, and the future you build for the next generation. Working with first responders over the years, we understand that defining your legacy can be difficult, especially if you’re starting […]
Managing Portfolio Volatility
At AWP, we want our clients to have an understanding of portfolio risks and market dynamics in order to alleviate some of the anxiety that comes with investing. It’s important to know that volatility refers to the increase and decrease in the value of investments over time. While some level of fluctuation is normal, high […]
How to Maximize Charitable Contributions
Charitable giving not only allows you to support causes you care about, but it can also offer significant tax benefits when approached strategically. Whether you’re a retiree looking to maximize your charitable impact or a donor seeking to make the most of your contributions, there are various ways to give smarter. To maximize charitable contributions […]
Tax Playbook: Section 179 Deduction with 2024 Bonus Depreciation
Section 179 Deduction with 2024 Bonus Depreciation The Section 179 deduction allows businesses to deduct part of a vehicle’s purchase price used for business in the year it is bought. For 2024, you can also use bonus depreciation to deduct an additional percentage of the remaining cost after applying Section 179. How It Works: Example […]
Retirement-Focused Household Budget Worksheet
Asset Protection Quick Guide: Property & Casualty Insurance, Defined
Secure Your Family’s Financial Future
In an increasingly uncertain world, securing your family’s financial future is a top priority. Whether you’re a first responder, constantly facing the unpredictability of your profession, or someone looking to build a stable financial foundation, a well-crafted financial plan is essential. However, navigating the complexities of financial planning can be daunting without expert guidance. This […]
