Can I Protect My Elderly Parents?
November 29, 2022
As the American population of seniors continues to expand, the need for intentional estate planning becomes more urgent, especially for the children of aging parents.
What Is Upstream Planning?
October 31, 2022
Doing some ‘upstream’ planning now will take the guesswork out of what’s coming your way.
Problems Created When No Will Is Available
October 5, 2022
People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
What Happens to Investment Accounts when Someone Dies?
July 15, 2022
What investment powers does a personal representative in a probate or a trustee in a trust administration have to manage the decedent’s assets?
Can You Inherit a House with a Mortgage?
May 17, 2022
Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.
Storing Passwords in Case of Death
February 8, 2022
Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52.
Is Prince’s Estate Settled Yet?
January 18, 2022
The administrators of the late musician’s estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince’s assets. The precise value was undisclosed, however, although it could exceed $100 million.
What Is the Best Thing to Do with an Inherited IRA?
October 15, 2021
Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inherit and avoid a tax-time surprise.
States with the Best Tax Rates for Retirees
September 24, 2021
The Tax Cuts and Jobs Act raised the federal estate tax exemption considerably. Before the tax reform law, it was $5.49 million per person for 2017. It’s up to $11.7 million for 2021 ($23.4 million for a married couple).
Do You Need a Revocable Trust or Irrevocable Trust?
August 11, 2021
Trust funds are not just for the ultra-rich. These sophisticated estate-planning tools can make just as much sense for middle-class Americans who own a home and have a net worth of at least $100,000.