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Posts Tagged: Estate planning
5 FACTS YOU SHOULD KNOW ABOUT REAL ESTATE TRANSACTIONS AND YOUR ESTATE PLAN
While real estate can be easily transferred or mortgaged, it is important to seek advice from a qualified professional to adequately protect your property and maintain the integrity of your estate plan. Here are five points to ponder.
Warning Signs of Elder Financial Abuse
America’s vulnerable, graying population, and the concentration of wealth among older adults, has created a massive opportunity for fraud. Hard statistics are not available, but experts suspect that perhaps half a million elderly adults are ripped off by family members, lawyers and accountants every year, potentially taking $2.6 billion from infirm older Americans. The crime is known as elder financial abuse.
The Case Against Do-It-Yourself Wills – Forbes.com
You can do your estate planning documents yourself, but by saving a few bucks now, you may cost your loved ones a lot more later. Here is an excerpt from, and link to, an interesting article by Deborah L. Jacobs.
Estate Tax is One More Reason to Hate the Yankees
This is an excerpt from a clever piece written by an obvious Boston fan named Jim Moniz, who is president and CEO of Northeast Wealth Management, a Braintree, MA-based company that focuses on the needs of high-net-worth individuals and professionals. It underlines the importance of being aware of what Congress is doing (or not doing) regarding the estate tax–the tax on the privilege of owning stuff when you die–and how that might affect you and your loved ones.
How to Make the IRS and Lawyers Prosper at the Expense of Your Beneficiaries
A scenario that plays out far too often: a parent’s intended beneficiaries lose most of their inheritance to the IRS, court costs, and lawyers. This recent Tax Court case provides a cautionary tale about the perils of incomplete planning.
Repaying Social Security Can be a Good Deal
From the Stranger than Fiction files: When it comes to Social Security benefits, there is such thing as a “do-over.”
2010 is the Year of No Estate Tax; Watch Out for 2011
By dying in 2010, the billionaire and long-time New York Yankees owner’s wealth avoids the federal estate tax, likely saving his heirs enough money to field an entire team of Alex Rodriguezes.
Estate Planning Consequences of the Global Community
Some words of wisdom for people who have assets in, or reside in, multiple jurisdictions.
This is only fair if we get to live longer too
Raising the retirement age is inevitable, given the economy, the state of the budget (at least, that’s what they call it in Washington DC), and the increased life expectancy that modern medical science helps us attain.