Estate Planning
When Should I Terminate an Irrevocable Life Insurance Trust (ILIT)?
Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?
September 1, 2021
Estate Administration
Did James Brown’s Estate Fight Finally End?
For nearly 15 years, James Brown’s estate has been one of the most contentious legal cases in the entertainment industry, involving volleys of lawsuits among his children, his former romantic partner and its various administrators.
August 26, 2021
Estate Planning
Have You Considered Estate Planning for Fido?
Whether referred to as companion animals, service animals or simply as pets, they play an important part in the lives of many. Owners can use estate planning tools to ensure their pets continue to receive proper care, if the owner becomes incapacitated or dies.
August 20, 2021
Estate Planning
What Do I Need to Know about Second Marriage Estate Planning?
A second marriage can be a balm for the heartache of losing a spouse, be it through death or divorce. Nevertheless, if there are children or other heirs involved, you should consider carefully what will happen with your money and possessions, when you pass on.
August 19, 2021
Estate Planning
Which Is Better a Traditional IRA or a Roth?
Traditional IRAs have been available to retirement savers who have earned income since 1974. That’s 23 years longer than Roth IRAs (introduced in 1997) have been on the scene. The big difference between these two types of individual retirement savings vehicles is when you pay federal (and possibly state) income tax on your savings.
August 4, 2021
Estate Administration
Will the Girlfriend Get the Life Insurance or the Wife?
My boyfriend and I have lived together for 13 years but he is still officially married to another woman. He has a life insurance policy and I’m the beneficiary, and I’m also the beneficiary of his 401(k). Do we need a will and do I have to worry about his wife getting the money?
July 30, 2021
Asset Protection
Can I Create a Stress-free Asset Transfer?
Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.
July 29, 2021
Advanced Directives
How Do I Cancel a Loved One’s Driver’s License?
Losing a loved one can be difficult and overwhelming. The emotional toll is steep, and several time-consuming details need to be addressed. Even if the loved one left a detailed plan, it is not uncommon to miss a few things that must be handled.
July 28, 2021
Estate Planning
Who Receives an Inherited IRA after the Beneficiary Passes?
What happens if a non-spouse beneficiary inherits an IRA account but dies before the money is put in her name. There were no contingent beneficiaries. Which estate would get the IRA?
July 27, 2021
Asset Protection
What are the Most Popular Estate Planning Scams?
The Wealth Advisor’s recent article entitled “Beware of These Common Estate Planning Scams” advises you to avoid these common estate planning scams. Cold Calls Offering to Prepare Estate Plans. Scammers call and email purporting to be long lost relatives who’ve had their wallets stolen and are stranded in a foreign country. Seniors fall prey to…
July 23, 2021