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Knowing the difference between a will and a trust is crucial, as well as how they will work for you as estate planning tools. Estate planning is unique to the particular circumstances of the individual or family. However, the two different tools that often come to the forefront are wills and trusts, according to nwitimes.com […]
There are ways to give away money that help people and create some tax breaks. If you’ve reached a point in life where you feel you have enough and want to give your money away, it would be wise to consider what your family thinks about sharing your resources, according to the AARP in “How […]
Your child is getting ready to leave the nest and head off to college. Now would be a good time to make sure proper legal documents are ready before the student departs. There are several standard preparations required as your child gets ready to head off to college life. In addition to the usual preparations, […]
The estate includes assets as well as frequent flyer miles … and where they will go. There is considerable interest in the estate of celebrity Anthony Bourdain and it is getting even more interesting, according to Forbes in “How Anthony Bourdain’s Estate Plan Reflected the Two Most Important Parts of His Life“. The reports that […]
There are many keys to your income after retirement, including travel plans? Or, what if your health care costs go up? If you are trying to decide between Roth IRAs and traditional retirement savings, the key is knowing if your retirement income is going to exceed your present income or not, according to USA Today […]
There are many reasons to look at your old estate plan. What should not be forgotten is that everyone needs a will. There are many reasons to revisit your estate plan that don’t include the new tax laws that doubled the individual estate gift and GST tax exemptions to about $11.2 million per person (and […]
Despite claims by his family, the second man to walk on the moon fights back. Buzz Aldrin, the 88-year-old astronaut, who was second to walk on the moon, has filed a lawsuit accusing two of his own children and his former manager of taking advantage of their roles in managing his assets, according to MarketWatch […]
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 […]
