by Christine | Apr 1, 2013 | Elder Law, Estate Planning, Individual Retirement Accounts (IRA), Power of Attorney |
A POA is a legal document that is based on your state’s law that authorizes someone to act on your behalf. A Power of Attorney (POA) is an essential tool for your estate plans, and a mighty strong one at that. In effect, every adult should have one. Like most legal...
by Christine | Mar 29, 2013 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Let's say that someone who is not your spouse recently died and named you as their IRA beneficiary. You now have what the IRS calls an “inherited IRA.” When you inherit money, once you receive it you can usually decide where it goes from there, such as a simple...
by Christine | Mar 28, 2013 | Estate Law, Estate Planning, Mediation, Wills |
…In general, the lasting anger and bitterness of litigation doesn't seem to occur when matters are settled by mediation. Inheritance battles are nothing new. We see several of them make their way into courtrooms far and wide, exposing the family “cat fight” for...
by Christine | Mar 25, 2013 | Estate Planning, Exit Strategy, Small Business, Succession Planning |
Most exit plans I’ve dealt with are some combination of these three basic techniques. And, the lines that differentiate them can be fuzzy. Owning and running a business is tough stuff, and at times you feel the weight of the world on your shoulders. But leaving your...
by Christine | Mar 22, 2013 | Business Sale, Buy-Sell Agreement, Estate Planning, Exit Strategy, Family Business, Small Business, Succession Planning |
Dad wants to eventually sell the family business to his daughter. She has the smarts, drive and desire, and he doesn’t want to work forever. Not only does he want the business to be a success for her; but, part of his retirement income will be dependent on her making...
by Christine | Mar 19, 2013 | Estate Planning, Marriage |
…More than 40% of women and more than half of men over 50 who get divorced end up remarrying, according to Census Bureau data. For folks like these, all sorts of financial considerations can complicate the question of whether and how to go about remarrying. Although...
