The Internal Revenue Service considers the transfer of assets from one person or estate to another as a taxable event. These taxes are often referred to as gift taxes and estate taxes. They include any asset such as cash and property. The good news is the IRS has tax exemptions based on the total estate […]
Understanding Taxes Related to Gifts and Estate Planning Read More »
Most of us aspire to live a long and healthy life. We admire senior citizens for their wisdom. However, their long life often comes with the grief of outliving their spouses, friends, and sometimes their children. If they can’t maintain and make new meaningful connections as they age, they are at risk for crippling loneliness.
Helping Seniors Make Connections to Avoid Loneliness Read More »
Careful planning for the future of a loved one with special needs is one of the most critical life-protecting tasks you will ever provide for them. This article offers tips you can employ in your planning process can create a meaningful and comprehensive approach, addressing many of the challenges of special needs family members without
Many Americans perceive estate planning as a one-time chore that, once accomplished, can be filed away until their death. However, without being aware of the potential impact, people will make gifts during their lifetime or change listed beneficiaries on accounts which can have enormous unintended consequences on their will or trust. Review your estate plan
Your heirs, including minor and adult children, may not see eye to eye on family circumstances, particularly regarding inheriting your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your estate and possibly tearing your family apart. Even if your children get along well,
Structure Your Estate Plan to Minimize Conflict Among Heirs Read More »