Are You Now Or Do You Expect To Help An Elderly Parent Or Relative Manage His Or Her Finances? Have you been given a power of attorney? If you answered yes to any of these questions, you have both legal and ethical obligations in your role as a fiduciary. What are they? As A Fiduciary,…
DetailsGetting A Valuation Adjustment For Certain Family Owned Businesses Has Been A Critical Planning Strategy In Avoiding An Estate Tax After Someone’s Death Well…the IRS is proposing to eliminate that strategy. Just yesterday, in the Federal Register, the IRS proposed new regulations that would all but eliminate valuation adjustments. This would apply to business entities,…
DetailsDivorce Is Never A Happy Subject The emotional impact on a family can take months or even years to heal. Another pain that many do not learn about until it is too late is the potentially dangerous effect of divorce on retirement plans and future problems. Folks over 50 who divorce often experience a loss…
DetailsWhat Is A Guardianship? It is no surprise that the older we get, the greater our chances of becoming mentally or physically incapacitated. Yikes. Not a happy subject, it can be a big problem. A guardianship can be the result of becoming incapacitated. They can be extremely expensive as well as heartbreaking for your family,…
DetailsMost living trusts are broken from the start. Creating a living trust is the right first step, but if you don’t have a system to keep it up to date for the rest of your life, is it really any good to your family? Typical firms treat wills and trusts like a once and done…
DetailsWhen Folks Come In To Have Their Estate Plan Completed, A Living Trust Is A Tool We Use With Nearly Every Homeowner Sometimes, despite the fact that we have filed all of the necessary government paperwork, the Assessor’s Office continues to list a home under the original names. Why? There are two possible reasons for…
DetailsEvery Parent Sets Out To Be Sure Their Children Understand The World Of Finances & How To Manage Them The truth is, MANY times these efforts just don’t stick. Even more frightening, is that besides being unwise in handling money, sadly there are often tragic situations where substance abuse, mental problems or partners involved and…
DetailsCould Your House Be Demolished While You Lie In The Hospital & What Is A Personal Lawyer? Picture this: you are a senior citizen and you enjoy traveling to Florida. You are visiting and get sick while you are there and are required to be in the hospital for two months. While you are away,…
DetailsIf you are 65 today, you have a 70% chance of requiring some type of long term care before you pass away, according to the U.S. Department of Health and Human Services. It Is Estimated That Women Will Need 3.7 More Years Of Long-Term Care Than Men Many have not accumulated enough wealth to fund…
DetailsJust When You Think You Have Learned Everything You Can From Your Parents, You Find That There Is Still More To Learn Except that this time it is about the aging process and retirement, not about growing up or raising kids. Regardless whether your parents’ retirement experience is one you want to emulate or one…
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