Conversations with family, friends, and colleagues can sometimes wander into the topic of lawsuits, divorces, bankruptcies, and other threats that put one’s property at risk of loss to a creditor…. Read More »
Posts Categorized: Financial Planning
Retirement Account Basics for 2020
The COVID-19 pandemic has led to volatile markets, and your retirement account may have a much smaller balance than only a few short months ago. In response to the economic… Read More »
Are Smaller Inheritances a New Trend?
As baby boomers age, they are spending more and more of their assets on their children. How will this affect their estate plans?
Is Wealth Building Really That Simple?
Wealth building is so simple it can be explained in one sentence — Spend less than you earn and invest the difference wisely.
Just When You Started to Have Some Peace of Mind, The Bill Rolls in
Could you be legally liable for paying for your parents’ care?
Handling The Assets Of Your Elderly Loved One
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.
Medicare And “Marketplace Plans” – What’s The Deal?
Seniors and disabled individuals enrolled in Medicare Part A–which covers hospitalization and limited nursing home care and is free for most beneficiaries–do not need to buy a marketplace plan, because they are already meeting the insurance requirements.
The Gift of College Funding
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can then make gifts to the account.
Dementia and Decision-Making
According to the Alzheimer’s Association, more than 5 million Americans today have Alzheimer’s disease, the most common form of dementia. Thus, it’s likely that you or someone you know has a loved one living with dementia.
“Be Giving While You’re Living so You’re Knowing Where it’s Going”
Here is a way to test drive your estate plan while you can still tweak it.