Year: 2018
There are many things to think about when estate planning. However, among the most crucial is to take potential family conflicts into consideration. A group of professionals including estate planning attorneys, trust officers, accountants, charitable giving professionals, insurance advisors, elder law attorneys and nonprofit advisors recently attended a conference on estate planning and a survey […]
There are new tax laws in the country. However, there is still time to make necessary adjustments. If you have not already reviewed your estate plan and taken the new tax laws into consideration, now is the time to do so, according to Reuter’s article “Your estate plan needs an update even if it is […]
Companies offer retirement savings plans. However, the challenge can be in both saving and withdrawing. Most employers offer 401(k) plans to employees as a means of encouraging savings for retirement. Some are generous enough to offer matches, although there are fewer of those today than in the past. Even after decades of the existence of […]
How do you get organized and create a plan that helps your family, when you pass away? A California woman has organized a program that brings people together in a social gathering to discuss and consider their own death at some point in the future, according to NPR Weekend Edition in “One Woman Helps Others Make […]
Your estate plan can run into difficulties, if your assets are not handled correctly. Your will does not necessarily have the final say on all assets. It is important how particular assets are handled. This can make a difference because houses, cars, retirement accounts and bank accounts can all be owned and transferred outside of […]
Assets may have been wasted in $100 million trust fund. When Elvis Presley passed away, his assets were left in trust for the benefit of his daughter, Lisa Marie Presley. She is claiming in a lawsuit that the trust fund is depleted and she blames her former money manager, according to the Daily Mail in […]
Massachusetts moves to make home ownership easier for elderly. However, the program can create a problem. To avoid the problem of its elderly residents keeping up with tax payments, Massachusetts created a program that lets seniors defer property taxes until after they pass away. The taxes are then owed by the estate and about 1,000 […]
Don’t wait for retirement to launch your estate plan. People often put off estate planning until they get older. However, life events should trigger proper estate planning much sooner. This includes things like getting married or having children. Nevertheless, some people put estate planning off until they reach the age of retirement, according to the Times […]
An estate plan can protect a long-term partner. There are rarely provisions to protect people who are not married but are in long-term relationships. Many couples prefer to not get married. However, there still is a way to protect partners through an estate plan, according to the San Francisco Bay Times in “Want to Protect […]
Deductions for state and local taxes face a new limit. One of the more controversial changes in the new tax laws passed in late December was that the itemized deduction for state and local taxes is now limited to $10,000. Some state governments have tried to figure out a way around the limit for their […]
