Parents with special needs children face many challenges. While protecting your child’s financial future may seem like a far-off goal, a recent article points out that it is important to partake in some long-term financial planning now. Early planning helps to ensure that your child has enough assets to maintain proper care in the future. […]
Read moreEstate planning is especially important for farmers and ranchers, as it assists them in passing the farm and its operation along to the next generation, and may save some taxes in the process. A recent article discusses important steps in the process of estate planning for farmers and ranchers. According to New York Life […]
Read moreA common estate planning question is whether it is better to allow your heirs to inherit your home, or give it to them as a gift. This article in the Los Angeles Times addresses that question. Generally, it is better to let your child inherit homes that have appreciated in value since your original […]
Read moreWhen it comes to structuring estate plans, a potentially awkward but necessary question to ask is whether you and your spouse will seek joint or separate representation. This article in Forbes discusses how you and your spouse might go about answering that question. Joint representation for estate planning has many benefits. First, it is generally […]
Read moreAlthough most estate planning continues to be performed on paper, make no mistake that we are living in a paperless world. This simple fact makes it exceedingly easy to lock-out your executor at the very moment when you need them most. Therefore, this article in Forbes serves as a reminder that one of the most […]
Read more“You can’t take it with you.” These are good words to keep in mind as we go through life, they remind us not to take ourselves too seriously, not to hold onto things we don’t need, and to be generous to those less fortunate than ourselves. Whether you’re thinking about estate planning or gift planning, […]
Read moreDo you already have an estate plan? Or perhaps you don’t have an estate plan per se, but over the years you’ve collected all of what you feel are the necessary documents to provide security and protection for your family and your assets after your death? Well, you may want to take a moment to […]
Read moreWe live in a digital world. With every year that passes, more and more of our lives are moving into the digital ealm. This includes friendships, networking, business and banking. Many people would now consider their Facebook password to be just as secret and sensitive as a credit card or social security number! We all […]
Read moreWhen people do the math to determine what their financial budgetary needs will be they factor in all the usual expenses, as well as change-of-lifestyle expenses (such as a travel budget, for example) but according to this article on CNBC.com, what many people still neglect to factor into their retirement budget is health care expenses. […]
Read moreThe year 2010 was the perfect year to die. The estate tax had expired and Congress could not get itself together in time to reinstate it for that year. Smart people like George Steinbrenner took advantage of the situation and departed this earth with no worries about the federal estate tax. It seems, however, that […]
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