Federal spousal impoverishment protections were set to lapse in March 2019. Two bills were proposed to deal with that issue. H.R. 1343 is still sitting in the House, but H.R. 3253 was enacted on August 6, 2019. H.R. 1343, or…
Chances are you wouldn’t choose to live in a state, where estate taxes take a big bite out of your estate. However, if you haven’t checked this out, do so before relocating. Where you live and die could make a…
There are many nuances in wills that only experienced estate planning attorneys know about. That’s just one reason, why it’s best to have a will prepared by a professional. With the creation of a will and estate planning documents, combined…
It’s easy to dismiss retirement savings when you are young. Retirement seems so far away, and there’s so much you want to do right now. But wiser and older people know how important it is to start retirement savings while…
The internet of things (IoT) is responsible for many conveniences via embedded electronic devices, and many seniors are making use of these technologies. It is becoming increasingly common for everyday items like refrigerators, thermostats, and doorbells to be internet-connected making…
A change in the amount of time to repay a 401(k) loan was included in the Tax Cuts and Jobs Act. However, there are still complications to be aware of. Before this change, employees who took a loan from their…
With or without children, divorce is a complicated transaction, with many moving parts. Things happen during a divorce, which can sometimes take years to complete. One part that is often overlooked is the estate plan, which should be updated as…
As Gen Xers enter into their 40s and 50s, it is time for them to become active in the creation and execution of their retirement planning. There are many things to consider, including finances, investments, insurance policies, legal documents, living…
Kiplinger.com is suggesting it is time to rethink your financial retirement portfolio. You may have built up a significant nest egg in a 401(k) plan, but it does come with serious baggage during your golden years. It is impossible to…
Concerns about your memory or that of a loved one should never be ignored. There are many resources available through a simple internet search, and professional associations that provide education and guidance through a maze of questions you may have…