For most of us, estate planning is one of the most challenging topics to discuss with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents....
Estate planning, like retirement planning, is based on longevity assumptions. As we age,, our goals and preferences change..
Gift giving – things you need to know about taxes and how to avoid them.
Sometimes children don’t understand the consequences of their own actions. When it comes t estate planning, some people might not understand the answer to the question “So what if I don’t do any planning?
Each estate planning tactic must take into consideration the needs of more than one generation.
Putting your affairs in order truly requires a number of different people, from your homeowners’ insurance agent to your tax advisor, property inventory specialist, and family members.
Thanks to the Tax Cuts and Jobs Act of 2017, the use of donor-advised funds is soaring. These arrangements make it possible for donors to enjoy tax deductions now, but make specific distribution decisions later.
The emotional aspects of money often cause family members t avoid frank conversation with loved ones. There are reasons to tell beneficiaries what to expect, avoiding conflicts.
The publicity surrounding Britney Spears’ legal battle to take back control of her own financial affairs calls to attention the need for conservatorships and guardianship arrangements.
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.
