by Christine | Jan 29, 2015 | Asset Protection, Assets, Conservatorships, Elder Law, Estate Plan, Estate Planning, Estates, Individual Retirement Accounts (IRA), Inheritance, Living Trust, Probate, Retirement, Retirement Planning, Special Needs, Tax Planning, Trusts, Wills |
“We’re not surprised by the fact that people don’t know a lot about retirement income planning,” says David Littell, program director at the American College. “I was surprised at how badly they did.” Could you pass a retirement literacy test? Apparently, 80% of...
by Christine | Jan 28, 2015 | Basis, Elder Law, Estate Planning, Retirement Planning |
As the Conservator of [my mom's] estate, I'm trying to help her decide what to do with the house. Let another family member live in it who couldn't pay rent but could help with upkeep? Rent it out for market value? Or sell? If she hasn't already, an...
by Christine | Jan 27, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax |
In 2015, only estates worth more than $5.43 million per individual would owe federal estate taxes if the estate owner dies this year. That's up from last year's $5.34 million estate tax exemption. (In addition, the federal lifetime gift tax exemption also...
by Christine | Jan 23, 2015 | Asset Protection, Estate Planning, Estates, Family Vacation Home, Inheritance, Living Trust, Tax Planning, Turnover |
Make a detailed plan for the home's future to avoid family feuds down the road. Many memories are made in family vacation homes, and a lot of families do not want those traditions to end when a loved one passes. However, experts say you need to be careful in...
by Christine | Jan 22, 2015 | Asset Protection, Estate Planning, Inheritance, Living Trust, Probate, Trusts |
In all likelihood, [film director] Nichols had a "revocable living trust," that contained the dispositive provisions of his estate so that his wishes were shielded from the public. Celebrities and high-profile estates tend to be a hot topic in...
by Christine | Jan 21, 2015 | Asset Protection, Assets, Estate Plan, Estate Planning, Estates, Gift, Inheritance, Living Trust, Probate, Trusts, Wills |
Gifting can be an estate planning tool, for you can save on future estate taxes and have the pleasure of watching your dollars work for your children or grandchildren while you are still alive. If you're tired of the standard store-bought items for gifts, you may...
