Articles

Medicare Enrollment Starts November 15

If you are over the age of 65, it’s that time of year to review your Medicare plans. Once a year from November 15 through December 31, those eligible for Medicare have the option to change existing Medicare Part D …

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Who’s In Charge of the Funeral

Mom has died. Dad cannot agree on the funeral arrangements with the kids and none of them agree with the pre-paid funeral plan that Mom has set up. If the family cannot agree then who does the funeral home listen …

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Flesh Out Your Financial Skeleton

As Halloween hovers on the horizon, the most frightening prospect for some adults has nothing to do with ghosts or goblins. Rather, it’s their scary lack of preparation when it comes to retirement planning. I suggest a new activity: fleshing …

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Understanding Step Up Basis

I occasionally have discussions with people receiving inherited IRAs who think that they can escape both income and estate taxation on the IRAs because of the step-up in tax basis rule. You may have heard of the step-up in tax …

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Real Estate in Your IRA

You have found the perfect investment property, the price is low and the seller wants to unload it. However, you don’t have the cash to purchase real estate except in your IRA. If you just take the funds out of …

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Is Equal Fair

If you are like most parents, you want to treat your children fairly when giving lifetime gifts or a share of your estate. You have worked hard over your lifetime to accumulate your property. You should be able to give …

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What If The Estate Has More Debt

What if Mom or Dad has died and they have really racked up the debts? In order to pay the bills, they took out home equity loans or charged up thousands or tens of thousands of dollars on their credit …

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Health Care Powers

Have you ever thought about who would make your medical or mental health treatment decisions if you could not because of incapacity due to an accident, illness or injury? You probably have thought about it, but have you done anything …

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What Do We Do With The Car

Have you ever thought about what is going to happen with the family car after your death? The answer is the typical legal answer, depends; and I am not talking about the kind you wear. If your car is in …

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Incapacity and Financial Powers of Attorney

Have you ever thought about what would happen to your real estate, bank accounts, investments and other property (your “stuff”) if you could not take care of them because of incapacity due to an accident, illness or injury? How would …

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