When you hear the phrase “estate plan,” you might first think about paperwork. Or your mind might land on some of the uncomfortable topics that estate planning confronts head-on: end-of-life decisions, incapacity, and your family’s legacy from generation to generation. Those subjects Continue reading
Estate planning, including Advance Directives, is important for everyone regardless of wealth or family status. If you become incapacitated or pass away without a properly documented plan, you are leaving the management and distribution of your assets, and decisions that are important Continue reading
Seek Professional Advice
With changes to the U.S. tax code and the high cost of living and medical care, it is especially important to make the right decisions when it comes to your financial moves.
To the general public, a trust may seem like an advanced tool only for the wealthiest Continue reading
Inter-generational estate planning is important. This type of planning is about more than just helping one generation build as much wealth as possible. These plans help prepare heirs to both manage and preserve those assets into the future for long-lasting enjoyment. Below are six Continue reading
If you are planning to leave someone an inheritance, or someone has left you an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the value of an appreciated asset – for tax purposes – upon inheritance. Continue reading
If you recently received an inheritance, or are expecting to receive one in the near future, it has likely triggered mixed emotions in you. You have lost a loved one and also experienced monetary gain. Studies show that a third of Americans who received an inheritance completely spent Continue reading
You are probably familiar with the idea and benefits of traditional estate planning: eliminating probate complications and costs, lowering tax liabilities, and providing financial peace of mind and security for your loved ones. If you do not currently have an estate plan, you should Continue reading
You have likely seen several advertisements for reverse mortgages. The concept is a simple one: as long as you own and live in your home, you can supplement your retirement income with a loan that you do not need to pay off. The trade-off when it comes to a reverse mortgage is that Continue reading
For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care.
The last thing any of us want to contend with when a health issue arises Continue reading
When spousal or parental nursing home placement is unavoidable, and once it’s realized that Medicare is not going to pay for a nursing home long-term, understanding the Medicaid Chronic Care program becomes critical. The Medicaid Application is not a simple document to complete and Continue reading