No Time Like the Present Pandemic to Get the Estate Plan Going
There’s nothing like a once-in-a-lifetime global pandemic to focus one’s thinking. This year has been one for the books.
How Does Court Choose an Executor if a Will Isn’t Available?
An essential part of estate planning is selecting someone to represent you after your death in the management of your estate. This personal representative is also known as an executor, or executrix, if you choose a woman as your personal representative.
Homeownership and Medicaid Can Be Problem
Many people work hard to acquire real estate and then later find that that real estate makes them ineligible for Medicaid to help pay for nursing home or in-home, long-term care.
What’s the Estate Tax Exemption for 2021?
The federal estate tax exemption is going up again for 2021.
Special Needs Plans Need Regular Reviews to Protect Loved Ones
Estate planning generally focuses primarily on lifetime protection and post-death distribution of assets. Special needs planning focuses primarily on the individual beneficiary’s lifestyle and care needs.
The Biggest Mistake in Trusts: Funding
Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.
What are the Major Social Security Changes for 2021?
The Social Security Administration (SSA) recently announced that the annual cost-of-living adjustment (COLA) for benefits will be 1.3 percent.
What Key Estate Planning Terms Should I Know?
Estate planning is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.
Stretch Out IRA Distributions, Even Without ‘Stretch’ IRA
The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
Scottish Actor Sean Connery May Have Had Dementia
Iconic Scottish actor Sean Connery, who has died at the age of 90, suffered from dementia in his final years, his widow Micheline Roquebrune revealed on Sunday.