Mac Miller, an American rapper and music producer, died very young—he was only 26. Yet he had a will, and it showed that he had given considerable thought to avoiding the legal and financial snafus of much older artists, according…
The purpose of estate planning is to ensure that your property is distributed, according to your wishes. Without a will and other estate planning documents, there’s considerable room for things to go wrong. Trusts are one of the basic tools…
Organizing your records and telling your family members about where important documents are, is a gift to your family. After you have passed, they’ll appreciate not having to go on a scavenger hunt to find out where your assets, including…
It’s all in the details. Life insurance proceeds are income tax free. If you are the beneficiary of an insurance policy, you don’t have to pay taxes on that sum. However, Kiplinger’s recent article, “Myth: Life Insurance is NOT Taxable,”…
Estate planning for couples in second marriages when each spouse has children from a prior marriage requires a few extra steps. When each spouse dies, they may want his or her children to receive an immediate inheritance with the rest…
The Aid and Attendance program was created to help qualifying veterans with the cost of long-term care. It’s just gotten harder to qualify. Think Advisor’s recent article, “VA Is Tightening Rules on LTC Benefit for Veterans,” reports that changes finalized…
Full Disclosure, a memoir from Stormy Daniels that includes a dramatic narrative of her meeting with President Trump in Lake Tahoe in 2006 was recently released. She delves into everything, including what happened after she signed a Non-Disclosure Agreement just…
Americans are delaying retirement past age 65, and those with a college degree are better able to find work than people who did not graduate from college. It’s harder for them to stay in the workplace, which is not good…
Everyone over the age of 18 should have certain documents that protect both life and property. These are the basics for your estate plan, says U.S. News & World Report in the article, “4 Documents You Need in Retirement.” They…
People who enjoy shopping as a recreational activity may find that it does serious harm to their retirement funds, now that their income stream has been shifted to retirement mode. Here’s a suggestion: try devoting that time to other activities,…