by Christine | Mar 1, 2013 | Elder Care, Insurance, Long Term Care |
While life insurance has long been priced by sex, companies that provide long-term care insurance (LTCI), mainly used to cover healthcare expenses in old age or for severe illness, have long avoided it. But for the first time this year, they will introduce...
by Christine | Feb 28, 2013 | Estate Planning, Pope, Succession Planning |
Pope Benedict, 85, is reportedly the first pope to retire in almost 600 years, which made his decision all the more momentous. But since the pope believed his health issues were impacting his job, the decision seems relatively clear-cut. For the growing number of...
by Christine | Feb 27, 2013 | Beneficiary, Beneficiary Forms, Wills |
Do you love your beneficiaries enough to take the time to check up on your beneficiary forms for your retirement accounts? You want to ensure the your plans are carried out for your loved ones when you are no longer here, and your will is the powerful tool you have...
by Christine | Feb 26, 2013 | Estate Law, Estate Planning, Executor |
It is important for an executor to pay close attention to detail and engage in a careful, deliberative process. And remember that the best advice will come from an experienced and knowledgeable estate planning attorney. Scenario: You’ve been named the executor...
by Christine | Feb 25, 2013 | Procrastination, Tax Return, Taxes |
The IRS still needs time to prepare dozens of other forms and software programs for new and retroactive tax exemptions, credits, and other provisions tucked into the fiscal cliff bill, passed by Congress and signed by President Obama in early January after months of...
by Christine | Feb 22, 2013 | Charitable Giving, Estate Planning, Family Foundation, Succession Planning |
One issue that some families have encountered is that the types of philanthropy favored by one generation may not be the ones favored by the next — something that could cause strife if not addressed. Ensuring continuity of both your family harmony and your family...
by Christine | Feb 21, 2013 | Art, Estate Law, Estate Plan, Estate Planning, Gift, Valuation |
So you have there is this really cool painting that you gave away. Do you want it to be worth a lot or a little? It depends on who you gave it to. Giving someone art rather than dollars can be complicated, especially when it comes to taxes and the IRS. So the...
by Christine | Feb 20, 2013 | Elder Law, Estate Planning |
Research shows that the ties which lead adult children to become caregivers — depending on how much contact they have with parents, how nearby they live, how obligated they feel — are weaker in stepchildren, Dr. Silverstein said. Money sometimes enters the equation...
by Christine | Feb 19, 2013 | Appraisal, Charitable Giving, Gift |
…Good intentions do not guarantee a charitable contribution deduction. By failing to properly account and document the contribution, however, the IRS and Tax Court [could] disallow the deduction. You may think that being eligible for the charitable tax deduction is as...
by Christine | Feb 19, 2013 | Asset Protection |
…Proper Asset Protection is most appropriately done when the client knows that he or she has no outstanding claims, i.e., the skies are perfectly clear of creditors. Asset Protection is all about avoiding fraudulent transfers, not designing and implementing them....
