The problem with estate mistakes is a) they can be expensive and b) there’s usually no do-over. We prefer to think of ourselves as having fairly simple and straight-forward lives. That’s why many people think that they can create their…
Are you one of the Melbourne, FL Boomers now facing the realities of retirement, how ready are you? You know that preparation is about more than money, but understanding the complexities of retirement income is crucial. Do you understand all…
With the increases in the estate tax exclusion, far fewer Americans will need to pay the federal estate tax. However, there’s something else to be aware of. As of January 1, 2018, when the new tax law went into effect,…
If you disagree with your spouse about party planning, decorating or vacation decisions, you might want to take a little time to plan your own funeral. If you don’t have a spouse, the state will select a funeral director for…
It is not a happy thought, but at some point, every couple will have to face the loss of their beloved. Planning in advance, financially and emotionally, can be helpful for the surviving spouse. There can be dramatic consequences when…
For the many Melbourne, FL residents who don’t have children or aren’t close with family members, determining who will handle your affairs if you become incapacitated and who will be responsible for your estate when you die can be a…
Medicare supplement plans (Medigap) and a Part D prescription drug plan are used to fill in the coverage gaps from Medicare for most people, or they purchase a Medicare Advantage plan from a private insurance company. Kiplinger’s recent article, “8…
This financial product isn’t without some controversy. However, it may be a smart move, when there are few or no alternatives. It’s not an unusual scenario: one spouse has moved to live in a nursing home and will never be…
Inheritances are not always straightforward. This is especially the case, when the beneficiary is encumbered by financial problems. A parent who wants to leave children a home or the proceeds from the sale of the home, needs to think long…
Depending on where you die, you may be able to leave a relatively large sum to your heirs, tax-free, since some states have tied their state estate taxes to the federal amount. If you die in 2018 in Hawaii, Maine…