When a Bank Declines a Power of Attorney
The possibility that a power of attorney might be rejected may be one reason not to simply pull a form off the internet and hope it will be accepted.
August 4, 2020
Balancing Retirement with Special Needs Planning
Having a child with special needs can come with all sorts of unique challenges from a financial and estate planning standpoint. Public benefits, for example, can play a huge role in anticipating how much money your child will need down the road in your later years, as well as when you’ve passed away.
August 3, 2020
Understanding The Role Of An Executor
I have settled my mother’s estate and sent the final accounting paperwork to my three siblings. Two have signed off on the bond paperwork but my one brother is nitpicking the statements, asking for invoices for the lawyer, the CPA, etc. Can I send the other two their share of the inheritance or do I need to wait until everyone signs off?
July 30, 2020
How Do I Protect an Inheritance from Taxes?
Did you receive an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.
July 29, 2020
Probate versus Trust Administration
Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.
July 28, 2020
Who Will Care for the Children?
Parents should make sure they have arrangements in place for the care of their minor-aged children, when planning their estates…
July 27, 2020
Your Estate Plan Needs to Be Customized
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
July 23, 2020
Making Social Security Benefits Work
Social Security benefits are one of the items that fall through the cracks in many estate plans.
July 22, 2020
Creating a Family LLC for Estate Planning
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial not just for small-business owners but is also a powerful tool for estate planning.
July 21, 2020
Needs Testing for Special Needs Planning
Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.
July 20, 2020