Unrecorded Deeds hurt Estate Planning
While discussing estate planning with my parents, they told me that an attorney prepared a deed for them but told them not to record it yet.
June 24, 2021
Roth IRAs are an ideal Planning Tool
Here are some of the reasons Roth IRAs make sense for 2021 and likely beyond.
June 23, 2021
Protect Assets and maintain Medicaid Eligibility
The bill for long-term care adds up fast. The annual median cost for a private room in a nursing home was $105,850 in 2020, according to Genworth. The government could pick up these costs if you qualify for Medicaid, but that’s easier said than done.
June 17, 2021
Handwritten Will can be a Serious Mistake
A holographic will is a will handwritten by the testator (the maker of a will). Holographic wills are recognized in about half of the states in the United States.
June 16, 2021
Short-Cuts in Planning can have Consequences
Over the years I get all kinds of questions from people. And boy, have I heard some doozies. But one common one I get is called the ‘lazy (or poor) man’s (or woman’s’) estate planning.’ This type of estate planning has some very negative tax consequences.
June 15, 2021
Including a POD Account in your Estate Plan
Payable on death accounts can help streamline the process of transferring certain assets to loved ones, after you pass away.
May 25, 2021
Maximize your Use of the Roth IRA
Although the Roth IRA is often touted for the unique combination of benefits it offers to retirement savers, some of its perks often go overlooked. Here are four that you should know about.
May 24, 2021
Address Finances if Diagnosed with Alzheimer’s
If a person close to you has been diagnosed with Alzheimer’s disease, it may be time to address some serious financial questions.
May 6, 2021
Talk about Inheritance with your Children
How can you prepare your children to handle the assets they’ll eventually inherit?
April 26, 2021
Social Security Mistakes could cost Thousands
On its surface, Social Security seems like a fairly straightforward program. You and your employer pay a tax based on your earnings, while you work. When you retire, you get a lifelong income stream that’s somewhat tied to how much you paid into the system.
April 7, 2021