Federal Estate Tax Exemption is set to Sunset
Maybe not tomorrow, but the sunset of our historically high estate tax exemptions is coming—and with the election on its way, it could be sooner than you think.
November 12, 2020
Prepare for the Impact of Dementia
It is estimated that by 2040, the number of Americans living with Alzheimer’s, dementia or other cognitive disorders is expected to double to close to 12 million due to the aging population, according to a recent study by RBC Wealth Management and Aon.
November 10, 2020
Distribution of Personal Property in Your Estate
Personal property is a unique category of asset. Even in the simplest after-death distribution, personal property can become a hindrance to final distribution. There are a couple of reasons why.
November 9, 2020
Benefit from a Roth IRA and Social Security
Although Social Security helps millions of seniors stay afloat financially, living on those benefits alone could mean winding up cash-strapped in retirement.
November 5, 2020
Two different types of Durable Power of Attorney
When do you need your estate plan to ‘go to work’ for you? While you may think the right answer is ‘after I die,’ the actual answer is ‘if I lose the ability to manage my own affairs.’
November 4, 2020
Talk to Your Parents about Estate Planning
Do you expect your parents to leave you a financial legacy? Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by financial services company HSBC. Perhaps the bigger question, though, is how to even approach this topic with your parents.
November 3, 2020
What Medicare Doesn’t Cover
It’s important to understand that Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage.
November 2, 2020
Estate Planning for a Second Marriage
Second (or third or fourth) marriages often require careful balancing between the needs of the surviving spouse and the needs of the children from a previous marriage.
October 29, 2020
What are an Attorney’s Obligations after You Die?
Attorney-client privilege requires that attorneys keep confidential and refrain from sharing all secrets and other confidences of clients.
October 28, 2020
How Important Is Avoiding Probate?
Probate is a process to transfer the assets after someone dies. For example, when a homeowner passes, probate allows for the home to be sold or transferred, if necessary, even though the owner is no longer alive to sign a deed.
October 27, 2020