Exploring the Need for a Trust
This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. For example, maybe you have a disabled child and you want…
Georgia Woman Tries to Steal Trust Fund from Special Needs Son
A mother of a twenty-year old special needs son has turned herself in to the authorities. However, her son is still unaccounted for, and there’s no way to know if he is being properly cared for. She’s facing a long…
Is There a Limit to the Number of IRAs I Can Own?
Few people actually plan to have multiple IRAs, but it happens, usually after starting a new job, when it’s easier just to open a new IRA rather than deal with a rollover. Traditional IRA, Roth, SEP, spousal—there’s no legal limit…
Dad Refuses to Create an Estate Plan, Can Kids Do Anything?
There are some people who simply can’t be persuaded that an estate plan could help their family. If the stubborn person is legally competent, there’s not a lot that can be done. Some parents are just set in their ways,…
Second Marriages and Money
Getting married for the second, or third, time, is a little more complicated than first-time marriages. There are usually children to consider, and assets, like a home and retirement savings. By the time you’re ready to walk down the aisle…
What Role Does Charitable Giving Play in an Estate Plan?
We are a nation of volunteers and donors. Some give their time and expertise to charities, while others feel a responsibility to give back financially. There are different ways to give and there are still tax benefits to be gained…
My Spouse Has Died. What Now?
The loss of a spouse is one of the most stressful events of anyone’s life. It’s a time of great vulnerability, yet there are so many decisions to make and things to do. How do you proceed? Probably the best…
What Are the Steps to Transfer a Home to Heirs?
Leaving the home to the family is a lovely gesture that can establish a long-time legacy. Generations who share memories of a home are not that common today, making this a special act. Memories of growing up in a home…
What Happens to Family Finances if There’s No Will?
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…
Don’t Wait on These Key Estate Planning Documents
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…