Consider Gifting to Loved Ones before Tax changes
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
December 2, 2021
Cryptocurrency should be Considered in Estate Plans
If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight.
December 1, 2021
Common Errors with Medicare Enrollment
For millions of American retirees, Medicare is literally a lifesaver. If we live long enough, most of us will someday benefit from this federal health care insurance program.
November 30, 2021
Even College Kids Need Estate Planning
As a legal adult after attaining the age of 18, your child should have in place several legal documents that will allow you to provide support and obtain information, if something unexpected happens to your child.
November 29, 2021
Take care when Gifting to an Heir
One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them.
November 23, 2021
How to file Taxes after your Spouse Dies
About 1.5 million Americans become widows and widowers in a normal year, but the pandemic has boosted that significantly. The National Center for Family and Marriage Research at Bowling Green State University estimates that about 380,000 of more than 700,000 people in the U.S. who have died from Covid were married.
November 22, 2021
Estate of The Union Episode 11-Millennials’ Mysteries Uncovered!
The Estate of The Union episode 11-Millennials’ Mysteries Uncovered is out now! Millennials are often seen as a mysterious generation that frustrates those from older
November 19, 2021
What a Will Can and Cannot Do
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
November 18, 2021
Update Estate Plan after Divorce
Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. It is important to revise your will at these times, in order to ensure that your estate planning is up to date.
November 17, 2021
Include Special Needs Child in Retirement Planning
As parents of children with special needs age, they should revisit the decisions they made—sometimes many years ago—regarding guardianship, beneficiarie, and other aspects of their child’s care.
November 16, 2021