Estate Planning Techniques for Gifting Many families routinely gift assets to heirs and some plan to leave assets to heirs above the amount the government allows to pass free of gift or estate tax. When it comes to estate planning…
Multi-Generational Family Wealth Planning - What You Need to Know Legacy and family are both inherent parts of wealth planning. Take steps to create and preserve multigenerational family wealth with these tips. Patrick Hicks, @PatrickHicks When we think about wealth…
Is Prior Occupancy Required to Have Home Excluded,When Qualifying for Long-Term Medicaid ? By Jill Roamer, J.D., CIPP/US Medicaid Planning When qualifying for long-term Medicaid, there are asset and income restrictions. In many states, the applicant cannot have more than $2,000 in…
A Single Parent’s Guide To Estate Planning If you are a single parent, it is important to understand the benefits of having an estate plan. Here's what you need to know. By John Wong Updated: October 07, 2021 Estate planning is essential…
Importance of Having the Right Power of Attorney When Applying for Medicaid A Power of Attorney is one of the most important documents for an older person to have, especially when they plan on applying for Medicaid Long Term Care…
No One Knows The Time Or Hour...Incapacity Planning Matthew Erskine Contributor No One Knows The Time Or Hour...Incapacity Planning. “However, no one knows the day or hour when these things will happen, not even the angels in heaven” Matthew 24:36…
SAVINGS TOD Accounts Versus Revocable Trusts – Which Is Better? Both help you pass down assets while avoiding the time and expense of probate, but one comes with a lot more flexibility than the other. by: Tracy Craig, Fellow, ACTEC, AEP®, Emily…
Estate Planning for Millennials. Get on top of your estate planning, so you can get on with your life. If you are a Millennial in your twenties or thirties, you may be wondering why you need an estate plan in…
What is a generation-skipping trust? A generation-skipping trust helps you transfer money and assets to someone who is at least 37.5 years younger than you, while minimizing estate taxes A generation-skipping trust is used to transfer money or other assets…
The world's oldest person, Japan's Kane Tanaka, dies at age 119 April 25, 20225:42 PM ET MATTHEW S. SCHWARTZ The world's oldest person, Japan's Kane Tanaka, dies at age 119. Kane Tanaka, born in 1903, smiles as a nursing…