Life insurance isn’t taxable to beneficiaries but there can still be a tax involved.
An Irrevocable Life Insurance Trust can be a key part of your overall estate plan, according to JD Supra in the article “Estate Planning: The Irrevocable Life...
Upscale Retirement Looms in the Boomer Future
If you are thinking of upscale retirement, it might be best to check in early and enjoy the lifestyle.
Boomers have had a way of being out front, when it comes to making changes in society and it isn’t...
Second-Marriage Couples Face Estate Planning Challenges
In today’s world it is not at all unusually to have a blended family.
Blended families often face special challenges when it comes to estate planning. Those issues are best approached openly, according to JD Supra in “Seven Estate Planning Considerations...
Is It Possible to Disinherit Someone? Yes, but It Isn’t Easy
The decision to disinherit someone isn’t made lightly and needs careful consideration.
Sometimes as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it...
Look Closely at Your Retirement Options
There are some lessons to be learned from the experience of others.
Things do not always go as we plan. A couple planned and saved for their retirement but then faced some tough challenges, according to the Canton Citizen in “Smart...
What Is the Best Formula for Your Retirement?
It wouldn’t be a lot of fun to run out of money.
What is the number one concern about retirement? Running out of cash is the answer. However, there are steps that can be taken to reduce the chances,...
Estate Planning Benefits You and Your Family
Where do you want your assets to go, when you think of your loved ones?
Estate planning can be a comfort to you but is also a gift of peace of mind to your family and may be a...
Beware the Common Mistakes Others Have Made
The estate plan is a major tool to protect your family.
Okay, you now have an estate plan. What’s the biggest mistake you can make? Not updating the plan as the years go by and life changes occur, according...
Saving for College Education? Trusts, 529 Accounts or Both?
You have options, when it comes to saving for those tuition bills.
What is the best way for one generation to save for the next generation to be funded for a college education? There are a number of ways...
Banks have New Weapon in Fight against Elder Financial Abuse
Early signs of the loss of a customer’s mental agility may be recognized by banking personnel.
New federal legislation gives banks and financial institutions new tools to join in the efforts to halt the ever-growing problem of elder financial...