Another installment in the list of things you really don’t want to think about (but should) when you send your kids off to college. A little bit of awareness of potential problems can go a long way to keeping your loved ones safe.
Posts Tagged: Hawaii
Wealth Matters – Insurance Options for College Students and Their Parents – NYTimes.com
Something you may not want to consider, but should, when you send your kids off to college. Not a bad idea to talk with your insurance advisors about how to deal with risk of loss and protection from potential liability vis-a-vis your budding scholars.
From THE IRS (AUG 31, 2010): YOUR GUIDE TO AN IRS AUDIT
The Internal Revenue Service has launched a new online video series, Your Guide to an IRS Audit, to help small business taxpayers and their tax preparers better understand the IRS audit process.
From THE NEW YORK TIMES (Aug. 6, 2010): FINDING AN ALTERNATIVE TO SELLING & RETIRING
How small-business owners handle the process of retiring or exiting from their businesses will have a tremendous impact on their ultimate level of wealth. Making appropriate decisions in this regard can seem less overwhelming if you see it through the lens of Wall Street: sell, hold, or buy.
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.”