Category: Inheritance
Most people will find they need some help in wisely handling a sizeable inheritance to put it to good use and to make it last. It can be the best of times and it can be the worst of times should a large inheritance come your way. It would most likely be a life-changing event […]
Debts, as well as assets, are often left behind when you pass away and it is important to know that all debts are not treated equally. The payment of debts can sometimes be avoided while you are alive through actions such as bankruptcy – but when you pass away, they are often treated differently. Quicken […]
Siblings often argue and sometimes there is nothing that can be done to stop them. But you can take steps to limit the drama after your passing with an estate plan. The death of a parent may lead to siblings bringing up old quarrels and differences. Old grievances, differing points of view or insights the […]
Let’s cut right to the chase: one of the most common estate planning mistakes is simple to avoid and usually the result of sheer forgetfulness. It has nothing to do with the will or estate taxes. It’s the beneficiary designation. People forget to make changes as their life circumstances change. It’s quite common for ex-spouses […]
Just because you have large sums of money to pass to your heirs does not mean that you don’t have problems to address besides how much tax you don’t want to pay. Whether they are adult children or grandchildren, having heirs with behavioral problems, mental illnesses, a problem with drugs or chronic unemployment creates a […]
Should you suddenly become uber-wealthy, you’ll want to purchase a pricey art collection, which is 2.6 percent of the biggest estates. For those with only $10 million to $20 million in assets, a small collection, valued at about 0.6 percent of your estate, is almost de rigueur. There are extreme differences in the super rich […]
Here’s a Halloween riddle: What really scares Americans 50 and older? Answer: The stock market and their retirement. According to several recent financial security studies, including the Country Financial Security Index, as a result of the 2008 market meltdown, baby boomers are terrified of investment risk and another market crash. In the latest Country survey, […]
Depending on your perspective, this case is either proof of what proper estate planning can do or an exercise in frustration in a case of elder financial abuse. A court decision has ruled that a bank may use funds from an estate to defend a court battle where the daughter of a wealthy woman is […]
With a $350,000 grant, The Stanley and Elaine Ball Charitable Foundation has made it possible for the Taneyhills Library to renovate the children’s area and create a technology conference room that would have otherwise been impossible for the all-volunteer library to build. The hope is that the new features will draw new users to the […]
With every state seeking additional revenue and every candidate seeking additional votes, estate taxes have become part of many politicians’ platforms. Most of us pay more attention to estate taxes on the federal level, but estate taxes on the state and federal level have changed a lot in recent years. Not everyone is clear on […]
