Can You Gift Money on Your Deathbed?
One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
The Most Important Part of Estate Plan Is Planning for Life
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.
Medicaid Crisis Planning for Long Term Care Costs
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.
Do Young Adults Need Estate Planning?
These days it’s easy to feel overwhelmed by many things such as politics, gas prices, the gyrating stock market, summer travel, heatwaves and your health. One thing that shouldn’t overwhelm you is estate planning.
How Do I Store Advance Directives & Estate Planning Documents?
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
Who Can Speak for an Incapacitated Young Adult?
Incapacity can occur because of illness or an accident. It can be temporary or permanent. That’s why every adult needs a power of attorney in place, once they turn eighteen.
Caring for Your Aging Dad
Aging dads fall into two categories: those who adapt to change even if it means allowing others to help, and those who refuse to give up any kind of control. How can you help, when it becomes clear that Dad needs you, and your roles begin to reverse?
Does ‘Gray Divorce’ Fit into Estate Planning?
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
Does an Elder Orphan Need an Estate Plan?
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
Dying Parent’s Financial Affairs Can Be Challenging
Dealing with a sick family member is a challenging and emotional time.
