
How Do I Include Care for My Children in Estate Plan?
Parents should make sure they have arrangements in place for the care of their minor-aged children, when planning their estates…
Parents should make sure they have arrangements in place for the care of their minor-aged children, when planning their estates…
Talking about death makes most of us uncomfortable, so we don’t plan for it. That’s a big mistake, because if you don’t have an end-of-life plan, your state’s laws decide who gets everything you own.
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial not just for small-business owners but is also a powerful tool for estate planning.
What may have seemed like something to take care of ‘one day,’ has turned into a basic necessity that makes it essential and necessary for you to encourage your clients to act now.
If the coronavirus has taught us anything, it’s that writing a will may be as important as hand washing and using hand sanitizer.
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
Social Security benefits are one of the items that fall through the cracks in many estate plans.
You might not be able to spend all the money in your 401(k) plan before you die. If that happens, your retirement savings will pass to the person you name as the beneficiary of the account. The information on your 401(k) beneficiary form typically supersedes what is written in your will. Therefore, it is important to keep this form up to date for all your retirement and investment accounts.
Each year, senior citizens lose billions of dollars to financial fraud, with the loss to individual victims averaging tens of thousands of dollars.
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