How Can I Help with My Grandchild’s College Tuition?
September 21, 2020
Part of estate planning includes helping with the ever-escalating costs of education for children and grandchildren.
Gifting Can Help Estate Plans and Heirs Reach Goals
September 18, 2020
Despite many attempts at repeal over the years, the modern U.S. Estate Tax has been in place since September 8, 1916. Each U.S. citizen and resident alien is entitled to a lifetime exemption from the federal Gift/Estate Tax called the Applicable Exclusion Amount.
How Do I Find a Great Elder Law Attorney?
September 17, 2020
Finding and elder law attorney is as easy as googling, “elder law attorney near me.” Anyone can find an elderly law attorney but finding the right one is where things get a tad difficult. If you want your elder law case to be in the right hands, then you might have to do a bit of digging.
How Do I Keep My Spendthrift Son-in-Law from Getting the Money I Give my Daughter in My Estate?
September 16, 2020
My daughter, my only child, recently married a nice man. However, he is not responsible with his finances. I don’t want my son-in-law to have any access to her money or through a divorce via equitable distribution.
State Laws Have an Impact on Your Estate
September 15, 2020
I am a resident of Florida. I would like to leave my condo in Florida to my friend’s daughter, who I consider my stepdaughter, after my death. She is a resident of New Jersey and they would use the condo as a vacation home. Will she be considered my daughter for tax purposes, and which state’s tax laws will count?
Trusts: The Swiss Army Knife of Estate Planning
September 14, 2020
We may think of a spoiled heiress to a large fortune, whose parents were savvy enough to prevent her from having full access to her funds. On the other hand, we could imagine a loved one with special needs, whose needs will be provided for with trust-protected money.
A Four-Decades Long Social Security Scam Finally Ends
September 10, 2020
In February, Social Security officials calculated that a woman who was sent monthly checks for decades was 114 years old. The problem? The lifelong New Yorker died more than 40 years ago—and may never have seen a penny of her retirement checks totaling nearly a half-million dollars.
Estate Planning Basics You Need to Know
September 9, 2020
Estate planning can come in a variety of forms, from basic beneficiary designations when you open a bank or brokerage account to more complex and comprehensive plans.
Securing Farm or Ranch Needs to Happen Sooner and Not Later
September 8, 2020
Develop a successful transition plan that will provide for you, your heirs and your business.
Will Medicare Cover Everything?
September 7, 2020
Medicare kicks in at 65 to help cover healthcare costs as a senior. However, it’s not nearly as comprehensive as many people think.