The best way to prevent bickering after someone is gone is good estate planning, done while the person is clearly of sound mind. While the specifics of Nelson Mandela’s estate plan are not yet known, his legacy will be tarnished by a battle over his estate.
Posts Categorized: Current Affairs
Now that only 0.2% of us have to worry about the estate tax (for the time being, anyway), it is appropriate to focus on the capital gains tax as the primary threat to our ability to pass assets to our loved ones.
They are in their 50’s and 60’s, they are probably inheriting from financially conservative parents, and they are dealing with deep emotional reactions.
Michael Pirron called John Hancock to ask about the care options covered by his parents’ long term care insurance policies. Their answer was, essentially, “What policies?” The policies had lapsed eight months earlier, and it was too late to send in the past due amount and get them reinstated.
Could you be legally liable for paying for your parents’ care?
Watch out. Big Brother may be coming for the family homestead.
Estate planning can extend to your non-human family members too.
Donors give — and give more — when they are confident that their gifts will make a real difference.
Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. This can be overwhelming. But it’s also a great opportunity to help someone you care about, and protect them from scams and fraud.
What you don’t know can take a nasty bite out of your estate.