Where Not to Die in 2012

“Most of the states are still in pretty poor shape, and if the economy doesn’t improve you might see more action by state legislatures seeking other sources of revenue,” says James Walschlager, an analyst with tax publisher CCH, a Wolters Kluwer business. Here is the good, the bad, and the ugly about State death taxes.

The Doomsday Prophet Profits

Notorious doomsday prophet Harold Camping, whose past predictions of the end of the world proved overblown, is now absolutely certain that the world will end on October 21, 2011. Don’t be surprised if you are reading this on or after October 22, 2011, but don’t get lulled into thinking that estate planning is one of those things you can put off indefinitely.

It is National Estate Planning Awareness Week

It’s probably fair to say that “National Estate Planning Awareness Week” is an invention of estate planning professionals who would like to promote their businesses. On the other hand, that does not mean that estate planning awareness is a bad thing. In fact, most people fail to take simple steps that could make their lives, and the lives of their loved ones, much easier when inevitable bad things occur, like a death in the family or the incapacity of a loved one. One of those steps is the creation of a revocable living trust.

What does the Debt Ceiling Deal mean for Seniors?

The U.S. Debt Ceiling was raised before the magical August 2 deadline amid great hand-wringing and “the sky is falling” rhetoric out of our nation’s capitol. Despite the tireless efforts of our tireless representatives, our stock market still plunged, and global markets followed suit. Making sense out of the baloney sandwich we have just been fed is tricky.