Property Transfers and Gift Taxes: Estate Planning Basics
“Now that you rented your old house to your daughter, that home may be considered a rental home on your federal income tax. You get to...
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- May 22, 2019
- 2 min
Estate Planning Documents and Medicaid Planning
“People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many...
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- May 21, 2019
- 2 min
How Many Social Security Mistakes are There?
“For couples, timing when to claim your Social Security benefits can be tricky, especially if one of you earned far more during your...
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- May 20, 2019
- 3 min
Making a Plan for Farming Succession
“It takes more than the next generation’s willingness to farm, to see your operation continue. It also requires estate planning.” Among...
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- May 17, 2019
- 3 min
Review Life Insurance Trusts in Estate Plans
“Life insurance trusts have long been hailed as a smart way to provide financial protection for loved ones, while simultaneously avoiding...
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- May 16, 2019
- 2 min
How an Advance Care Directive Protects You and Your Family
There may be only one conversation more difficult than telling children the facts of life. It’s telling loved ones what you want at the...
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- May 15, 2019
- 2 min
The Top Three and Bottom Three States for Retirees
“There are a number of reasons why people approaching retirement might want to relocate. Chief among them is the need to stretch their...
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- May 14, 2019
- 3 min
Why Do I Need an Executor?
“One of the main components of a Will, is the portion where the person making the Will (the Testator) names the Executor.” These are the...
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- May 13, 2019
- 3 min
Stolen Social Security Scam Reaches Epic Proportions
“Among the hottest telephone scams in the United States right now is the ‘Someone Stole Your Social Security Number’ ploy.” The typical...
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- May 10, 2019
- 4 min
What About an Ethical Will?
“Have you considered how to pass on your non-material assets?” When the discussion turns to ethical wills, people often sigh and say they...
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- May 9, 2019
- 3 min
Big Mistakes Add Up Big Time for Retirement
“Retirement experts say failure to invest enough and not judging your spending are two of the biggest pitfalls.” The biggest, most...
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- May 8, 2019
- 2 min
How to Decide Who Your Healthcare Proxy Should Be
“No matter our age, it makes a lot of sense to name a healthcare proxy, someone to make critical medical decisions for us in a crisis.”...
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- May 7, 2019
- 3 min
How ABLE Accounts Work for People with Disabilities
“New rules let some individuals put away more money in these plans, while still preserving their benefits.” Anyone, including the...
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- May 6, 2019
- 3 min
What Happens Next, When You’ve Become a Widow?
“Like many couples, Susan and Larry, who were married for 46 years, had divided the financial chores. Larry handled the investments, and...
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- May 3, 2019
- 2 min
What Happens When Unmarried Couples Don’t Have Wills?
“Two very dear friends of ours have lived together, unmarried, for more than 20 years. He owns the house. Both were married before and...
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- May 2, 2019
- 2 min
When Should You Start Claiming Social Security Benefits?
“Franklin D. Roosevelt signed the Social Security Act in 1935, creating the federal agency behind the benefits. Two years later, the...
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- May 1, 2019
- 3 min
Having a Generous Spirit is a Good Thing for Many Reasons
“Gifting can be done for other reasons during life or as bequests at death. The reasons for doing so could be to accomplish non-tax or...
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- Apr 30, 2019
- 3 min
Estate Planning with Loved Survivors In Mind
“There are several major considerations that need to be evaluated before any provisions in the trust document are drafted with the...
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- Apr 29, 2019
- 2 min
Want Guaranteed Income, while Putting Off Benefits?
“In some situations, financial advisors will shift some of a client’s assets to a single premium immediate annuity, so they can put off...
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- Apr 26, 2019
- 2 min
Spring is Financial Cleaning Season
“Invest in a good shredder to destroy sensitive personal information to protect against fraud or identity theft.” Start by making a...
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