Estate Planning is increasingly Popular with Millennials
Millennials and Gen Zers are taking their estate planning seriously. These tips can help make the process seem less daunting.
January 3, 2024
Seniors are missing out on Tax Deductions
There are a host of tax breaks available to retirees and older Americans. However, they’re easy to miss.
December 27, 2023
Wise Strategies to manage an Inheritance
It can be fun to daydream what life would be like if you hit the Powerball for $1.7 billion, but for most people, windfalls aren’t quite as exciting.
December 21, 2023
Qualified Charitable Distributions benefit older Taxpayers
For taxpayers who stress over annual Required Minimum Distributions and are also inclined to charitable giving, Qualified Charitable Distributions or QCDs have been a useful tool to accommodate both relief over federal income tax angst and the desire to donate.
December 19, 2023
Marital Trusts help protect Blended Families
Understanding marital trusts is crucial for couples looking to secure their financial future and provide for the surviving spouse tax-efficiently. This article is a guide to marital trusts, how they work and their advantages and disadvantages. With the potential to safeguard assets and ensure that they reach the intended beneficiaries, marital trusts can be an effective part of a comprehensive estate plan, particularly for those in a second marriage or a blended family. What Is a Marital Trust? A marital trust is a type of irrevocable trust and is crafted to benefit…
December 18, 2023
Last Will and Testament is different from Living Will
Estate planning legal matters are already confusing enough, so it certainly does not help to have similar names for related but completely different documents.
December 14, 2023
Tips to protect Seniors from Guardianship Abuse
Elder law attorneys see firsthand the complexities and potential pitfalls of guardianship arrangements. The recent investigation into guardianship practices in Florida, as reported by the Washington Post, underscores the urgent need for vigilance and reform in this area. While guardianships are designed to protect the vulnerable, they can sometimes lead to significant abuses, including forced isolation and financial exploitation. This article aims to shed light on the complexities of the guardianship system, expose issues related to guardian-inflicted elder abuse and provide practical advice for avoiding guardianship by planning before becoming incapacitated. What Is Guardianship?…
December 12, 2023
Gift and Estate Tax Exemption Limits Increase for 2024
It’s nobler to give than to take, the saying goes, and giving assets to loved ones while you’re still alive is a great way for them to enjoy the benefits right away—and for you to delight in seeing them enhance their lives.
December 11, 2023
Credit Card Debt must be Paid after Death
It’s a morbid yet common worry: What happens to credit card debt when you die?
December 7, 2023
Avoid Adding Adult Children as Joint Owners
You’ve likely heard your friends or family—or even the bank teller, at times—counsel you to add an adult child to your bank account.
December 5, 2023