You probably have not heard a lot of talk about the Federal estate tax lately. The most likely reason is that in our current estate tax system, your estate will only be subject to Federal estate tax if your taxable …
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Getting Yourself Out of Credit Card Debt
You have that big long to-do list, also called your honey-do list. You want to start tackling things, so you go after the easiest ones first. Then you can check them off your list and that gives you a sense …
Elder Financial Abuse
According to the experts, financial abuse of the elderly is rising, even to epidemic proportions. When you hear of elder financial abuse, you may think of unscrupulous home improvement contractors, phony investment schemes or internet scams. However, it is reported …
Keeping Track of Your Valuables
You have accumulated a lifetime worth of stuff. That stuff could include jewelry, furniture, knick-knacks, collectibles and the like. You may even know what is valuable and what is not. If something happened to you and you weren’t around to …
Financially Train The Kids
As parents, our job is to prepare our children to be self supporting and self sufficient. The time to start is when they are young, when you can instill in them, good financial habits. If you are like most parents, …
Is Equal Fair
You have worked hard over your entire lifetime to accumulate what you have. You should be able to give what you have, to whom you want, when you want, the way you want. However, your children may think differently and …
Health Care Powers
I continue to get questions regarding estate planning basics. So I will continue with a discussion about making health care decisions. Have you ever thought about who would make your medical or mental health treatment decisions if you could not …
How Much Do I Need to Save in Order to Retire
Are you planning for or near retirement? If you are in your prime earning years, you should also be thinking about retirement. It is a good time to start thinking about and planning for retirement when you enter the work …
Saving for College
You want your children or grandchildren to be successful. You want them to be self sufficient. You want them to have a good start in life and you think college is one way to do it. But college is expensive. …
Do It Yourself Plans & Bad Advice Can Wreak Havoc
If you are like 70% of Americans, you have no formal estate plan. However, you may have attempted to do your own estate planning with joint ownership, beneficiary designations or quit claim deeds after receiving free advice from others. Although …