Let’s take one couple, Tom and Louise, who have been married to each other for over 50 years and live in the same home they bought when they first got married.
You should have proper estate planning documents in place to protect yourself and your assets in the event of your incapacity, and so that you can control what happens to your assets after you die.
My idea: put our accounts in my wife’s name and put the land in our children's names. The way I figure it, when something happens to me, they won't need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What's your take on the workaround idea?
About 40 million people are helping to care for older relatives and friends. Some leave their jobs to do so, and some end up as live-in caregivers. All give up much of their personal freedom. Should they be paid for their work?
Angelina Jolie has reportedly laid out the details of her estate, according to Radar Online, revealing that she plans to leave her $116 million-dollar fortune to only one of her six children, her son Maddox.
You probably give to others each year, such as for birthdays and Christmas gifts. Gifting can be done for other reasons, including during life or as bequests at death. The reasons for doing so could be to accomplish nontax or tax goals.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.
A key financial question for retirees, is what to do with their hard-earned retirement savings. For example, some investors may find it more fulfilling to provide a college fund for grandchildren, rather than purchase a second home for themselves. The opposite can also be true, and that's okay.
Estate administration in the digital age requires having a strategy to share passwords to your computer, email and online accounts. Without that, things quickly get complicated.
A legal battle between Tom Petty's widow and his two daughters is reportedly holding back the release of the expanded version of the late-Rock and Roll Hall of Famer's Wildflowers solo album.