Category: Estate Planning
Getting advice is often a good idea when giving sums of money to your children. There are some ways to give money to children that can result in difficult issues, as Kiplinger points out in “5 Ways NOT to Gift to Children … and 5 Better Ideas.” Giving children a little money now might go […]
The little mistakes are what frequently cost families the most money. While people and the media often focus on big picture mistakes, it turns out that small errors are the biggest problems in estate plans, according to the Pauls Valley Daily Democrat in “Oversights can cost your heirs money.” For most people, minor mistakes such […]
Wealthy people may create estate planning challenges with the quest for a longer life. Forbes recently discussed some of the challenges of an increasing life span, especially where money is no problem, in “Estate Planning For The Ultra-Wealthy When Living To 120 Or Beyond.” Medical advances and new personalized medical care plans, such as concierge […]
President Trump and the Democrats may be braced for the final war over the estate tax. The Hill discusses President Trump’s promised end to the estate tax in “Trump vs. the Democrats: Is this the end of the 100 year war over the Estate Tax?“. Trump promised to end the estate tax in his campaign […]
A parent may be shocked when their child gives away their inheritance for some quick money. A recent MarketWatch article described the anguish of being distressed and giving up your inheritance for some quick money in “My drug-addicted friend signed away his $800,000 inheritance to his brother — now he’s clean, can he get it […]
Retirement to a warmer state should spark a fresh look at an estate plan. As people near retirement, they often consider relocating to a warmer state but that southern comfort can also have an impact upon an estate plan, according to the Middletown Transcript in “MAKING CENTS: From snowbird to flamingo.” What many people do […]
Conversations rarely are about God, formal religion or jobs that will be missed. A chaplain, who has often visited with the dying, finds that people are more interested in their families and friends than religion, according to a CNN publication “What people talk about before they die.” According to the chaplain, people never talk about […]
Several of George Michael’s godchildren are expected to receive large inheritances. The estate of George Michael, who passed away on Christmas Day, is beginning to come to light, according to the Daily Mail in “George Michael’s £100M fortune ‘will go to his Godchildren’: Offspring of his celebrity friends could inherit tens of millions EACH after […]
A new study in the United Kingdom provides insight into new thinking about the social justice of estate, inheritance or “death” taxes. Income inequality and wealth concentration are more than just media headlines describing the latest protest movement. These terms are seemingly everywhere today: from the work of economist Thomas Pikkety, to the Occupy Wall […]
Our new President promised to kill the estate tax. Will he really do it? While campaigning for the presidency, Donald Trump repeatedly said he would eliminate the federal estate tax. Most Republicans in Congress share his position. Now that Donald Trump and congressional Republicans have the power to do away with the estate tax, the […]
