Inheriting a Parent’s Real Estate: Tax Issues
Inheriting a parent’s real estate can certainly be a good thing. But, it can be complicated with regard to various tax issues. Below is a simple example to help you ...
Bankruptcy, Creditors, and Individual Retirement Accounts
When a person files for bankruptcy, certain of his assets may be exempt from the bankruptcy estate available to creditors. This is the case with traditional and Roth Individual Retirement ...
Disinheriting a Child in an Estate Plan
What if I Leave my Child Out of my Will? Parents have different reasons for disinheriting a child in their Last Will and Testament. Sometimes parents believe it is in ...
Estate Planning: Once Every 10 Years Is NOT ENOUGH!
Many of us understand the need for estate planning – for preparing a Will, A Health Care Directive, a Power of Attorney, and other related documents so that, when the ...
I’m a Beneficiary to an Estate. How Does the Process Work?
Your spouse or surviving parent has died.. She had assets – a home, a car, stocks and bonds, checking and savings accounts, and personal items. Now what happens? The ...
Financial Planning Mistakes: Protecting Your Special Needs Child
Parents of special needs children can get overwhelmed by their children’s day-to-day needs. In turn, some really important matters may be overlooked. The biggest mistake families make is delaying estate ...
Inheritance and Taxes: Confusion Abounds
People are often confused regarding what taxes and other expenses must be paid out upon an individual’s death. Frequently, people believe that once a person passes away, the beneficiaries receive ...
Special Needs Children and Divorce Settlements
Divorce is hard enough under the best of circumstances. But, when special needs children are involved, the situation becomes even more complicated. While you and your spouse may be focused ...
Ignorance is Not Bliss in the Case of Financial Affairs
It’s frequently the case that when people get married one partner takes the lead on financial matters. Issues such as financial investments, life insurance, filing taxes, and planning for retirement ...
Unmarried Couples: Four Essential Estate Planning Tools
Millions of people in the United States are in committed relationships outside of marriage. While estate planning is important for everyone, it is particularly critical for unmarried partners. The story ...