by Christine | Dec 30, 2014 | Asset Protection, Assets, Estate Planning, Estates, Inheritance, Living Trust, Probate, Tax Planning, Trusts, Wills |
Managing an estate can be complicated and overwhelming, but libraries can often be sources of hidden value, and thus should not be ignored. There's always a chance that tucked away in that library are a few rare first editions or hard-to-find antique items. But if...
by Christine | Dec 29, 2014 | Asset Protection, Estate Planning, Tax Planning |
Cash-strapped millennials are slipping into the red. In fact, their savings rate has dipped to negative 2%, meaning that they're spending more than they have. The unemployment rate was down to 5.8% last month and the U.S. economy added 214,000 jobs. However, a...
by Christine | Dec 28, 2014 | Asset Protection, Estate Planning, Estates, Inheritance, Living Trust, Probate, Tax Planning, Trusts, Wills |
Once someone dies there is much work to be done. These are a few suggestions to help you get administratively organized for death. To make death easier for all involved, it’s critical to plan some of the issues related to death far in advance with some contemplation...
by Christine | Dec 26, 2014 | Uncategorized |
The newest amendment to New Jersey's Medicaid program will allow those who earn too much to qualify for full assistance — but who can't afford the cost of the care they need — to receive help through the creation of a trust account at a bank. A recent...
by Christine | Dec 22, 2014 | Asset Protection, Conservatorships, Estate Planning, Estate Tax, Estates, Guardianships, Living Trust, Probate, Tax Planning, Taxation, Taxes, Trusts, Wills |
State and federal estate and inheritance tax rates are what drive most people’s estate plans, but now that tax rates are falling and exemptions rising in many jurisdictions, how much people will leave their heirs isn’t what keeps them awake at night anymore. What they...
by Christine | Dec 19, 2014 | Asset Protection, Estate Planning, Estates, Inheritance Tax, Living Trust, Probate, Tax Planning, Trusts, Wills |
“Why do we care about these perpetual trusts?” Mr. Sitkoff said. “Because there’s a lot of money in them. Billions of dollars is pouring into these jurisdictions.” Perpetual trusts: good or bad? The principle of this tool is up for debate. Perpetual trusts allow trust...
by Christine | Dec 19, 2014 | Asset Protection, Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Roth IRA, Tax Return |
These three questions merely scratch the surface of other factors that may need to be considered. Keep in mind that your estate at age 45 is likely very different from the one you’ll have at age 65 and 85 — your accounts change, you spend/inherit assets, and you...
by Christine | Dec 18, 2014 | Asset Protection, Estate Planning, Estates, Inheritance, Living Trust, Probate, Tax Planning, Trusts, Wills |
Adult children have historically expected to inherit from their parents while in their 40s or 50s, yet now many aren’t doing so until their 70s or even 80s, as their parents live into their 90s or beyond. When should you expect to receive your inheritance? According...
by Christine | Dec 17, 2014 | Asset Protection, Estate Planning, Estates, Living Trust, Probate, Tax Planning |
Taken all together, these steps might seem overwhelming. But if you do one task each day, you can really change your financial life by year-end. Is it too late in the year to get your finances ironed out? Fortunately, a recent article from kjrh.com, titled “7...
by Christine | Dec 16, 2014 | Asset Protection, Community Property, Elder Law, Estate Planning, Retirement Planning, Tax Planning |
"During their careers, their 'acquiring wealth years,' many people live in places that have lots of jobs – and the higher cost of living that goes along with that," Friedman says. "In retirement, many of them want to move to a state where they...
