Grandparents who took out student loans to help children or grandchildren – or adults who borrowed to pay for education after being displaced during the recession are now faced with the possibility of dying with the loans still unpaid. Some loans will be discharged on death; for others, life insurance can fund the repayments.
Dealing WIth the Widow or Widower’s Tax
“Many couples don’t foresee the possible financial hit if one partner dies, including the tax crunch sometimes called the ‘widow’s tax’,” Jeff Stimpson writes in Financial Advisor, referring to potential tax and cash flow problems faced by women and men after the loss...
Need-to-Knows for U.S. Veterans and Their Survivors
Veterans have many choices to sort through and many decisions to make on behalf of themselves, their spouses and children. Decisions must be made about life insurance, retirement benefits, and investments.
Why Your Property-Casualty Insurance Agent and Estate Planning Lawyer Need to Meet
You may never of thought of auto insurance as part of your estate plan, but you ought to…
Earlybird Charitable and Estate Planning in 2021
The new administration has proposed many changes to income tax and transfer taxes. Clients whould consider implementing certain strategies now, before those changes take effect.
Stepping Up Now in Case Step-Up is Repealed
The incoming administration has revealed a plan to repeal the step-up in bases at death. Learn about adjusting estate planning strategies to fit a potential no-step-up reality..
Smart Gifting in 2021 Focuses on the Need
Estate planning has “gotten a raise’ in terms of the increased estate and gift tax exemption, but even more important, the effects of the pandemic has focused attention on the need – the needs of family members, and the needs of charitable organizations.
Estate Planning Gets a “Raise” in 2021
In 2021, the estate and gift tax exemption rises. Learn how current giving can benefit both donor and donee.
Is Equality the Best Policy in Estate Planning?
Should all children be treated the same in an estate plan? Not everyone agrees whether that should be the case. If you are going to create an imbalance, talk over that decision with your children now, is the advice.
IRA Ins and Outs under CARES and SECURE
There are opportunities to use IRA accounts in estate and tax planning because of the two latest pieces of legislation called CARES and SECURE.
