The best way to prevent bickering after someone is gone is good estate planning, done while the person is clearly of sound mind. While the specifics of Nelson Mandela’s estate plan are not yet known, his legacy will be tarnished by a battle over his estate.
Posts Tagged: Hawaii
One for me, two for him?
Children almost always interpret unequal inheritances as an expression of unequal love, and giving one child more than another may cause resentment.
Preserving The Family Business
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.
Cost Basis Planning
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.
Booming Windfall
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.
Lawsuit Sheds Light On Medicare Coverage For Rehabilitation
For years, it has been an article of faith that Medicare would not pay for services such as skilled nursing or physical therapy unless that care improved a patient’s health status.
How did this misunderstanding go on for so long?
Don’t Let Long-Term Care Coverage Lapse!
Michael Pirron called John Hancock to ask about the care options covered by his parents’ long term care insurance policies. Their answer was, essentially, “What policies?” The policies had lapsed eight months earlier, and it was too late to send in the past due amount and get them reinstated.
Can Family Wealth Go On For Generations?
Elite families passing their wealth from generation to generation does not just happen. Evidence suggests that it is the exception rather than the rule.
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?
ObamaCare and Estate Recovery – Another Government Property Grab?
Watch out. Big Brother may be coming for the family homestead.