What Does Portability Mean in Estate Planning?
One of the most overlooked and misunderstood tax laws–available to married farming couples–is an opportunity called portability.
The Most Common Estate Planning Mistakes
Some problems can be avoided by proper planning, others by good practices during the estate administration process.
How Does My Inherited IRA Fit into Estate Planning?
Most people don’t know the first thing about the Secure Act and yet it has great impact on their retirement planning.
Senior Second Marriages and Estate Planning
More Americans are now getting married over the age of 65 than ever before. Even though this may be a second or third marriage for many, caregivers should nevertheless be aware of certain aspects that shouldn’t be ignored amidst all the wedding plans and celebrations.
What Is the Purpose of a Pet Trust?
Many well-off pet owners have left millions of dollars to their cats, dogs and even chickens—perhaps most notoriously Leona Helmsley, who left US$12 million when she died in 2007 to her white Maltese dog Trouble.
Should I have Revocable Living Trust in Estate Plan?
A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries. It can also significantly reduce the headaches of probate. However, while some assets belong in a trust, others cannot (or should not) go into one.
When a Spouse Dies, Does Survivor Get Their Social Security Benefits?
When you’re gone, your spouse’s income will take a major hit–one that can be worsened significantly, if you make the wrong decision about when to claim.
What Happens If You Become Incapacitated?
Many people ask what would happen if they were in the hospital and unable to make their own medical decisions? The answer depends on whether you planned ahead.
What If You Don’t have a Will?
A recent survey estimated that 68% of people die without a will. The consequences of dying without a will (‘intestate’) can be disastrous.
No Will? Half of Americans Making More than $100K Don’t Have a Will
Among those who do not have an estate plan, 63% said that they have considered creating one in the past and 46% said they do not know how to start.
