Many older workers focus on saving for retirement, paying off debt and looking forward to a slower pace. They don’t focus on wills and estate plans. That’s a big money mistake. We don’t think about our estate plan as a…
Want another way to show your family how much they mean to you? Make sure you have these three critical documents in place, and let them know where they are. You don’t have to be a globally-recognized musical genius to…
You’ll need a strong case to fight this type of claim, because the options are limited. It does not seem fair that a father would change his will to disinherit a son. However, unfortunately that does happen. If the will…
Think of your estate plan as a gift to your family that protects them, conveys your wishes and prevents family fall-outs over personal possessions. None of us like to think about death. That is central to the creation of an…
A new study reveals that we are less concerned about dying, than we are about dementia and experiencing pain at death. And, no surprise, half of the people surveyed did not have a will. A report released by Merrill Lynch…
The amount of taxes paid on withdrawals from IRA accounts depends on a number of different factors. Mapping this out in advance, will let you plan a retirement budget with fewer tax surprises. Your tax liability on IRA and other…
The early stages of Alzheimer’s can be difficult to negotiate for family members. What happens when a parent with a diagnosis of Alzheimer’s decides she wants to sell the family home, without having any discussion with other family members or…
Each state has its own laws about estate taxes and inheritance taxes. If you’re waiting on an inheritance and you’re not the executor, it can be more frustrating when you don’t know what’s taking so long. The question is asked…
If you don’t remember the last time that your estate plan and related documents were reviewed, that’s a clear signal that you should put this task on your to-do list and on your estate planning attorney’s appointment calendar. Reviewing an…
Most people purchase their homes without thinking about a trust. However, this option can provide some benefits to the owner and their family. By putting the property in a trust, your successor becomes the trustee. For older individuals buying homes,…