"My father passed away and left me a large sum of money", a reader related in a recent Dear Abby letter. After paying off debt, she decided to give each of her three adult children a Christmas gift:"from me and their grandfather". The letter-writer's husband of one...
Millions will soon inherit a house full of sentimental items, Kathy Barnes notes in Better Homes and Gardens. But the transfer of physical belongings can cause overwhelm and stress. Our older generations want to know that their belongings will be appreciated. Heirs...
Only last week, our nation remembered Dr. Martin Luther King, Jr., leader of the civil rights movement and winner of the Nobel Peace Prize, whose life was cut short in 1968, at age 39, by an assassin's bullet.Some forty years later, a headline in July 19, 2008 NBC...
Contrasting behaviors can be a source of conflict for couples, Rick Kahler points out in Advisor Perspectives. "Spenders may be seen as either generous or irresponsible, while savers are viewed as either stingy or responsible." There may be value in both behaviors,...
Precisely because there are differences in the way Baby Boomers and GenX-ers approach estate planning, it is important to initiate a conversation to share intentions and ideas…
The death of Colts team owner Irsay gave rise to speculation about the taxes that might be due on his estate….
Intra-family loans can be a good planning tool, in addition to helping provide assistance to loved ones. However, caution is in order, to avoid both tax problems and interpersonal misunderstanding.
New and pending legislation on both a state and Federal level will potentially affect our clients – here are some of the issues under discussion….
As is true in wardrobe planning, both taking stock and looking ahead, “swapping and adding” elements to an estate plan are needed.
Nontraditional families need special estate planning strategies to ensure their wishes are fulfilled.
