Tag: Asset Protection
Here are the must-do estate-plan tasks you should get done now. What’s on your list of New Year’s resolutions? Yes, it’s that time of year yet again. In addition to the normal list of diet, exercise and the sort — did “estate planning” make the list for 2014? We all know that an estate plan […]
Generally, the best candidates for a prenup, besides anyone with substantial assets, are those going into a second or third marriage, says Bonnie Sockel-Stone, a marital and family attorney in Miami, Florida. A prenup proposal is a bit of an oxymoron. With a marriage proposal, you are pledging to love and care for your future […]
You may have to raise some unpleasant issues when you speak with family members over the holidays if you want to ensure a successful retirement. Soon enough families with be gathering together to celebrate the holiday season. There will be much chatter around the table as families catch up with their loved ones. And while […]
While the dispute over inherited IRAs has not arisen often, it may crop up more in the future. Does an “inherited” retirement account remain a retirement account for the intended heir? This may sound like a rhetorical question, but it is currently one before the U.S. Supreme Court in the matter of Clark et ux. […]
Here are some potential pitfalls to keep in mind for couples who are thinking of keeping some or all of their assets separate. When two people have lived together outside of marriage for some time, the question of who owns what can get downright confusing. Obviously, jointly owned assets can be tricky. Surprising, separately owned […]
Sudden wealth can be a life-changing experience that can improve your life and the lives of those around you, but only if you keep it. Those with more assets are bigger targets for lawsuits. Don’t let your sudden wealth suddenly get stripped from you. Protect your assets before you get the windfall and you will […]
In the survey, conducted by Interest.com, a financial planning site, just 27 percent of respondents age 18 to 59 said they expect to receive an inheritance from their parents or other family. Even those who believe there will be something left over for them aren’t expecting a huge windfall. Did the recession ruin the chances […]
Men and women who find themselves suddenly single in midlife need to plan carefully and make thoughtful decisions about such things as how to divide up assets and the best ways to handle the money they’ll receive. Divorce is messy. Period. This is especially true when your retirement or your estate are up for grabs. […]
Money and taxes aside, here are 7 good reasons you need an estate plan… Estate planning is not just about taxes. While it is too easy to focus on taxes, namely avoiding heavy taxation, there is far more to consider when making your own estate plan. Estate planning is truly an activity of planning for […]
“Fighting over personal property is the match to the tinderbox of emotions,” says McManus. “Sometimes feuds start because of lingering resentments over who worked the hardest to take care of Mom or Dad when they were sick or even over who got the biggest scoop of mashed potatoes at Thanksgiving every year.” Inheritance is a […]
