Research has discovered that as we age, our diets and our need for dietary supplements become more. Doctors are increasingly concerned about boosting the levels of vitamins and minerals that we need as we grow older. As most people get …
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Elder Abuse Summit
You have probably heard in the news about cases of elder abuse and financial exploitation. When you hear of elder financial exploitation, you may think of unscrupulous home improvement contractors, phony investment schemes or internet scams. According to law enforcement …
The Court Can’t Stop Stupid
You may have read Dear Abby’s column last week from Conflicted Sis In Maryland, in which Grandmother left some money to her grandson who was a life-long drug addict. Grandmother named grandson’s sister as executor (personal representative in Michigan.) Sister …
Converting Traditional IRAs to Roth IRAs
As you have likely heard many times by now, changes in federal law under the Tax Increase Prevention and Reconciliation Act of 2005 (“TIPRA”) went into effect on January 1, 2010, easing the qualification limits for you to convert your …
Repeal of Federal Estate Tax
In 2001, the Federal Government passed the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This tax bill provided for the gradual increase of your federal estate tax exemption amount from $675,000 in 2001 to $3.5 million in …
Social Security Question
When it comes to learning about Social Security, there is a lot to know — so you may find yourself full of questions. If you have a question, visit Social Security’s frequently asked questions page at HYPERLINK “http://www.socialsecurity.gov” www.socialsecurity.gov. Just …
If There Is No Will, There Is A Way
If you are like the majority of people in America, you do not have a signed will. Just because you do not have a signed will, does not mean you do not have a “will”. In the absence of a …
How to Leave an Inheritance to a Child or Other Beneficiary
You want to leave everything to your children or other beneficiaries after you are gone. If you are like many people whose estate plans I have reviewed, you may have just left outright distributions to them. However, when you leave …
How to Leave an Inheritance to your Spouse
Are you going to leave anything to your spouse when you are gone? If so, there are lots of ways to leave an inheritance to your spouse. If not, you can stop reading now. The four most common ways that …
Per Stirpes or Not Per Stirpes
You have a will or a trust in which you leave your property to your family or other beneficiaries when you are gone. As a backup plan, your will or trust should have contingent beneficiaries named in the instance that …