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Common mistakes are often mentioned over and over again. There are common mistakes in estate planning that are not often mentioned, despite the fact they are made over and over again, according to the Ithaca Times in “Key estate planning mistakes to avoid,” including: Forgetting to update an estate plan when a spouse or child […]
Marriage, divorce and remarriage sparks debate on veteran’s burial site. A veteran of World War II recently passed away. Now two widows are fighting, according the Daily Mail in “Widows at war: British and American wives of war hero banker both want him buried in their own local cemetery – on opposite sides of the […]
New rates are important to estates, as well as for estate planning. The IRS has announced some important changes in tax adjustments and deduction limits based on inflation. They can make a difference for people planning their estates, according to the Wills, Trusts & Estates Prof Blog in “Estate Planning Inflation Adjustments for Tax Year […]
More and more people are protecting pets in their estate plans, as well as their loved ones. There are some tips that should be considered, if you plan to protect your pets after you pass away, according to the Wall Street Journal in “Estate Plans Don’t Have to Be Just For People.” The tips include: […]
Social Security benefits are important to most retirees, so make sure you get the most out of it. Many people choose to figure out how to maximize their Social Security benefits for themselves. However, many do so to their own detriment, according to CNBC in “Bungling this retirement decision could cost you $300,000.” It has […]
It is best to prepare for emergencies by storing the necessities of life, such as water and food. However, financial planning is also important. It is impossible to avoid natural disasters. However, you can be prepared and that includes being financially prepared, according to the Napa Valley Register in “Your emergency financial first aid kit.” The […]
Medical researchers and students create demand for cadavers. People can give the remains of their loved ones to companies that will cremate a small portion to give to the families and sell the rest to researchers. However, that market is poorly regulated, according to Reuters in “In the market for human bodies, almost anyone can […]
Knowing the basic concepts is enough to get you started on the right track. You don’t have to have an estate plan. However, if you don’t, the courts will decide where your assets go using statutes written by your state government. Getting started in planning can be a challenge if you don’t have the basic information […]
If you are an older citizen considering remarriage, it would be wise to explore what you need to know about finances and estate planning. The trend in American to remarry in later years can lead to unexpected consequences down the road, according to the Pittsburgh Post-Gazette in “Late-life marriages can be complicated by money matters.” […]
If you make a mistake in estate planning, it is unlikely that you will be the first to make that error. If you want to know some of the errors that have been make in the estate planning world, take a look at a recent video presented by The Motley Fool in “Haunt Your Heirs […]
