Passing wealth from generation to generation can be “carrot-and-stick” – based, but it is far more effective to have open conversations about the responsibilities and challenges that accompany wealth.
Non spouse beneficiaries of IRA accounts , who can no longer stretch their distributions over their lifetimes, still need to obey RMD rules.
Because real estate is not a liquid asset, it’s important to plan how its value wil be divided among heirs. Also important, especially for business owners, is to avoid liability that can result from owning contaminated property.
Asset protection trusts can be useful both for business owners and in general estate planning.
Social Security benefits are closely tied to estate planning as well as to retirement planning.
For parents, an essential part of estate planning involves naming a guardian for minor children. While a guardian can be anyone who is at least 18 years who is not currently incarcerated and who is of sound mind, parents' choices of guardian can mean the difference...
Sibling disputes often arise after parents have died, often resulting in expensive legal actions. Planning and family conferences can help avoid conflicts.
Long Term Care planning is essential as the cost of Long Term Care insurance rises and the cost of long term care itself skyrockets…
In a Caring.com survey, 42% of respondents without wills blamed simple procrastination; 35% said they didn’t have enough assets to bother writing one; 15% said they didn’t know how to proceed; and 14% said the process was too expensive, a usatoday.com article informs...
Trusts protect what’s yours, so it can belong to your intended heirs and not be lost through creditors or divorce.
