This is government insurance for people who have very little money that covers, among other things, the cost of nursing home care.
Posts Tagged: Est8Planning
Children almost always interpret unequal inheritances as an expression of unequal love, and giving one child more than another may cause resentment.
Family businesses account for much of this country’s domestic product and are essential to the American Dream. Whether it is a century-old international automobile manufacturer or a group of local dry-cleaners, family involvement in the business is a common goal. Like anything worth keeping, it takes work to preserve.
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.
The only time your Will would control who gets your IRA is if your estate is the beneficiary. You should think twice before naming your estate as the beneficiary of your IRA.