Most people only learn about the difference between these two taxes when they are creating an estate plan or settling an estate. Depending on the state, heirs are surprised when they learn that their inheritance will be diminished by death…
Maybe this happens so often because it’s so simple. Take the time to review your beneficiary designation, unless you want to give an ex-spouse a nice surprise. The latest generation of retirees has spent years planning, saving and investing for…
A lot of things said on the campaign trail have the elderly, disabled and special needs families worried about what may lay ahead once the new president takes office. Any time a new administration comes into the White House, there…
For some people, the details of settling an estate provide a welcome distraction from grief, while others find the tasks overwhelming. Regardless of the emotions, there are certain tasks that must be taken care of in a timely manner when…
Having a properly prepared will that clearly states your wishes, is the most important part of passing an asset like the family home to your children. Understanding the process by which real property is passed along to heirs, can give…
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…