Six Estate Planning Tips For New Parents
There are a million ways your life changes when you have a child, and one of the things you must think about now is planning your estate. Here are some of the key issues to consider. Make a Will and Appoint a Guardian Probably your most important concern [...]
Keeping the Peace Among Your Heirs
Nobody wants their death to generate unseemly squabbling about their estate among their heirs. With a little forethought, you can greatly reduce that possibility. Here are a few pointers. Pull No Surprises You know those movies where all the heirs are gathered around a large oval table waiting [...]
Be Transparent with Your Children About Your Estate Plan
52% of adult children don’t know where their parents keep their estate documents, and 58% don’t know the contents. Parents’ mortality is an uncomfortable topic, but avoiding it can mean children do not know Where to find important financial documents How to pick up the reins of a [...]
Be Like Karl Lagerfeld: Protect Your Pets When You Die
The fashion world mourned when Karl Lagerfeld passed away in February, but after they had come to terms with Mr. Lagerfeld’s passing, many breathlessly asked, “What will happen to Choupette?” Choupette was Mr. Lagerfeld’s Birman cat, and a celebrity in her own right. She was Lagerfeld’s muse, inspiring [...]
How the New Tax Law Affects Charitable Donations
The Tax Cuts and Jobs Act is making a huge impact on how people structure their finances, and that includes making charitable donations. The new tax law doubled the standard deduction from $6,350 to $12,000 in 2018 for single filers and from $12,700 to $24,000 for married coupled [...]
Long Term Living Care for Seniors: What Are My Options?
A majority of people who reach the age of 65 will need long term care sometime in their lives whether permanently or temporarily. Since women live longer than men, they generally require long term care longer, sometimes twice as long. And if you’re single, your chances increase that [...]
Reviewing Your Trusts Is Important: Don’t Put If Off
Life can change rapidly. People marry, have children and grandchildren, sometimes divorce, deal with the death of family members, buy, sell and inherit property. And that barely scratches the surface. On top of that, estate and tax laws change. Life and legal changes can sometimes render your trusts [...]
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10 Things To Know Before Placing A Loved One In A Nursing Home.
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