Blog
“Gray divorces” can present some challenging legal situations. Divorces by senior citizens can create challenges of dividing up a lifetime of accumulated marital property as well as the likely requirement of a new estate plan, according to the Indiana Lawyer in “Rise in divorces among older couples presents unique family law issues.” The big issue […]
It just doesn’t make sense to fill out an online form and take the risk of future problems. There is no actual advantage to creating an online will, because you might save now but, in the long run the bill could get very high, according to MoneySense in “Danger of DIY Wills.” The one advantage […]
Planning for your retirement and planning your estate can turn out to be a real benefit. Estate planning and retirement planning are pretty much the same thing. Sometimes, if your estate planning attorney and financial advisor work together, both types of plans work better for you, according to TD Ameritrade in “Estate Planning: Build Up, […]
Designations can have major impact on your estate because of taxes. Naming the beneficiary of your retirement account needs special consideration when making your estate plan, according to Morningstar in “Do’s and Don’ts for Beneficiary Designations.” There are actually many things to consider when naming beneficiaries on retirement accounts. This is because different beneficiaries are […]
The cost of nursing home care should be considered among estate planning options. As more and more people began to create estate plans, one of the focuses is just how does a non-wealthy person pay for nursing home care, according to the Times Herald-Record in “Plenty of reasons to do elder law estate planning.” As […]
You may find experts are necessary to make informed and legal decisions. When you start searching the Internet for advice, you can almost always get it. However, sometimes it can be a challenge, according to the Mercury News, in “Money Manners.” A couple wrote in to ask a columnists’ advice about something their attorney suggested they […]
The passing of the last grandson of John D. Rockefeller reveals a behind-the-scenes battle over legacy. Not every descendant of John D. Rockefeller is in agreement about the family’s legacy, according to Private Wealth in “Fighting Over A Dynasty’s Soul.” Rockefeller founded Standard Oil, which survives today under the name ExxonMobil. However, the Rockefellers are […]
If you inherit an IRA, you need to carefully consider your options and tax consequences. Americans hold a staggering amount of wealth in individual retirement accounts. It is far more wealth than the current account holders could ever possibly spend in their own lifetimes. That means that many people who have IRAs will eventually pass […]
One of the single most important estate planning choices that you will make is to select your executor. It is only a very small exaggeration to state that the executor of an estate is the person who is in charge of everything. He or she can either determine whether an estate administration will go smoothly or […]
Before sending your recent high school graduate off to college, there are a few things that you need to make sure that they have beyond spending money and a new wardrobe. Your child might have graduated as the valedictorian of his or her high school class and might be going off to a well-regarded university […]
