Tag: Estate Planning
The rules that allow first party special needs trusts to protect assets while receiving assistance from the government are being tightened. First party special needs trusts are established by a parent, grandparent, guardian or by court order for the sole benefit of a person with special needs. The assets of the person with special needs […]
Most people will find they need some help in wisely handling a sizeable inheritance to put it to good use and to make it last. It can be the best of times and it can be the worst of times should a large inheritance come your way. It would most likely be a life-changing event […]
Debts, as well as assets, are often left behind when you pass away and it is important to know that all debts are not treated equally. The payment of debts can sometimes be avoided while you are alive through actions such as bankruptcy – but when you pass away, they are often treated differently. Quicken […]
A donation to the nation can sometimes avoid inheritance taxes in the United Kingdom. The United Kingdom has a law that benefits the nation as well as the estates of famous artists with donations that allows the estate to avoid an inheritance tax. Lucian Freud’s estate is the latest to take advantage of this law […]
The battle over the estate of Dorothy Whelan has come to a close with a high court ruling. The estate of Dorothy Whelan has received considerable press in the U.K. by estate planning blogs and news site. It has now come to a conclusion through a high court ruling upholding an earlier will. Here are […]
Many parents and grandparents with 529 savings plans aimed at helping with college expenses may not be getting the full benefit from them. As college tuition continues its steady rise the issue of growing college tuition and student loan debt has become a key issue at home and in politics as well as the 2016 […]
The Affordable Care Act or “Obamacare” has had an impact on the taxes of investment income but estate planning techniques can reduce it. The intention of the Affordable Care Act was to increase the number of recipients of health insurance without increasing costs. While the accomplishments of the Act are often debated it appears the […]
U.S. Sen. Elizabeth Warren is charging that kickbacks for sales agents are common in the annuities industry and should be considered before making a purchase. The purchase of an annuity is a common approach to offsetting the expense of retirement as it becomes more difficult to save sufficiently for later years. An annuity can help […]
An elderly woman decided to handle the issue of heirs by sending a clear message with shredded money and accounts. An 85-year-old nursing home resident decided to send a loud and clear message to her heirs when 950,000 Euros and saving accounts books were found in tiny pieces on her bed when she died. It […]
Let’s cut right to the chase: one of the most common estate planning mistakes is simple to avoid and usually the result of sheer forgetfulness. It has nothing to do with the will or estate taxes. It’s the beneficiary designation. People forget to make changes as their life circumstances change. It’s quite common for ex-spouses […]
