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Obama Administration Proposes Elimination of Estate Tax “Loopholes”
The government has plans for your children’s inheritance. The particulars of the estate tax have been in flux, and have been the subject of much debate over the past few years, with the only constant being that there always is an estate tax. And now the Obama administration is proposing more changes to the estate […]
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Maria Shriver and HBO: Bringing Alzheimer’s out of the Back Room and into the Living Room
Every 70 seconds someone is diagnosed with Alzheimer’s 5.3 million people are currently suffering from Alzheimer’s Alzheimer’s is now the sixth leading cause of death There are 9.9 million unpaid caregivers in America One in eight people over the age of 65 suffers from Alzheimer’s (from the Alzheimer’s Association’s 2009 Alzheimer’s Disease Facts and Figures) […]
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How Far Would You Go To Control Your Heirs?
A trust is one of the most flexible and most powerful estate planning tools, and not just for avoiding unnecessary estate taxes. Many of the clients who come through our office choose to create trusts for other reasons as well; namely to protect their heirs from predators, creditors, and sometimes even from themselves. Sometimes a […]
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Procrastination is Not a Planning Tool
We did two estate planning seminars this week to a lovely group of audience. As I emphasized during the presentations, the number one reason that people die without protecting their assets or their heirs is not that they lack the money to create an estate plan, and it’s not that they don’t know that they […]
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An Estate Plan Can Help “Keep the Peace” When Parents Remarry
Nothing, it seems, has the potential to cause a fight over inheritance quite like a second marriage. The Wall Street Journal’s SmartMoney magazine, in an article entitled Before Your Parents Say ‘I Do’ Again says that poor estate planning (or even worse, no estate planning) can cause terrible damage to family relationships: “As Americans live […]
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Swine Flu: What Should You Do?
All the news lately seems to be about swine flu. Every day brings at least 3 new stories about it, and it’s all people on the street can talk about. But how worried should we really be? We know that many of our readers are caregivers for the elderly, and are concerned about swine flu […]
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“Mom, Dad… It’s Time for an Estate Plan”
So many clients come into our office, finish signing their estate plan, start to lean back with a sigh of relief only to sit straight up again and say “My parents really need to do this! I wish they would listen to me and come in to see you.” How can adult children persuade stubborn […]
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Small Business Owners Require Unique Planning Strategies
Jane Austen once wrote “There will be little rubs and disappointments everywhere, and we are all apt to expect too much; but then, if one scheme of happiness fails, human nature turns to another; if the first calculation is wrong, we make a second better.” Such an (eventually) optimistic philosophy is good to have in […]
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Retirement Fantasy Turned on its Head
People used to think that retirement was a time of placidity and relaxation, a time when all of life’s big surprises were behind you and most days and years would now bring an unchanging idyllic existence… It seems unlikely that this was ever an accurate portrayal of any phase of human existence, including retirement, but […]
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A Scary Situation
A couple of days ago, one of our clients suffered an episode caused by insulin reaction. While it was scary for her family, she fortunately did not suffer any serious injury besides bumps, bruises, and some bleeding. But think of the following situation: A child paralyzed in a tragic accident; a spouse diagnosed with Parkinson’s […]
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