Searching for Lower Taxes? Check State Laws
September 23, 2020
Some states are great to live in, but not so great to die in.
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?
When Exactly Do I Need to Update My Will?
September 3, 2020
It is also important to realize that it isn’t merely “why” you are updating your will, but “when” you are updating that can make all the difference. Acting too late (or too early) may mean your changes are no longer appropriate or even immediately invalidated.
How Do I Incorporate Cryptocurrency into My Estate Planning?
August 28, 2020
Bitcoin has gone in value from less than one cent in 2010 to a high of $20,000 in 2017, to a value at the end of July 2020 of nearly $11,000. Now the U.S. Congress is holding hearings on the digitization of the dollar, so cryptocurrency has become an increasingly important financial tool for individuals and businesses.
Which Stars Made the Biggest Estate Planning Blunders?
August 27, 2020
The saying goes that anyone who does not learn from mistakes in the past, is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.
Is It Easy to Change My Home’s Title from Tenants in Common to Joint Tenants?
August 26, 2020
Usually, when you make a simple change in the title from tenants in common to joint tenants, the taxing authorities will ignore that change.
A Non-Medical Check Up – For Your Estate Plan
August 25, 2020
For example, did you name someone as an heir who is no longer in favor with you or—worse yet—has died? Who should get what they would have gotten? Are there now new people in your life—be they family members or not—whom you might wish to share in what you may have?
How Do I Make Sure My Wife Gets the House?
August 20, 2020
I am currently married but I purchased a home from my mother before my marriage. I added my younger sister to the deed at the time of purchase, so the house would remain in the family if something happened to me. I have been paying the mortgage and bills myself for three years now. However, now that I’m married to a great woman, who would get the house when I die?
Preparing Children for Inheritances in the Future
August 14, 2020
By discussing finances with your children early and often, you can set them—and future generations—up for success, when it’s time to receive the wealth you’ve accrued.