You may have a special needs child or other loved one who is developmentally disabled and/or legally incapacitated. As a result of this disability or incapacity, your child or other loved one may also be on some form of governmental …
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Young Families Need Planning Too
You are married. You have a couple of young, healthy children. You are still young yourself. Life is good. Why would you have to worry about estate planning? Isn’t that for when you die, or for people older than you? …
Putting your Financial House in Order in April
If you haven’t heard already, April is National Financial Literacy Month. You should expect to hear more about financial and estate planning during this month. The goal of Financial Literacy Month is to “alert, educate, motivate and assist the American …
Reasons to do Estate Planning
As of January 2, 2013, the Federal estate and gift tax exemption amount has been permanently increased. If you pass away in 2013 and your lifetime and after-death transfers are under $5.125 million, your estate passes to your loved ones, …
How Do You Get Into the Safety Deposit Box
You have a safety deposit box. Have you ever thought about what would happen if you were not around to access your box and your loved ones needed to get into it? Like many other assets, it depends upon the …
Protecting Your Assets From Your New Spouse
You are single again after the death of your first spouse. Or maybe you are divorced. Now you have met someone and have fallen in love, again, and are getting married for the second, or third, time. You have accumulated …
How to Leave an Inheritance to your Spouse
If you are you married and you plan on leaving anything to your spouse when you are gone, you have lots of options. There are many ways to leave an inheritance to your spouse. If you are not currently or …
Shackup Agreement
You have decided to move in with your partner. You have a committed relationship that may even have been blessed by your church, but for a variety of reasons, you will not be married. It could be that you are …
November Savvy Save Millions in Estate & Gift Taxes in 2012
Especially with the presidential election this year, you have probably been hearing about the “temporary” Bush tax cuts that were implemented in 2001 and are scheduled to expire January 1, 2013. In 2012, tax rates are near historic lows. However, …
You May Be a Stockholder and Not Know It
You have had a life insurance policy for decades. It may even have been one of the infant policies taken out by your parents in the 1920s, 1930s or 1940s. Although I wasn’t around at the time, many of my …