» Estate Planning

What Are the Different Ways to Leave an Inheritance?

Many people put off making an estate plan, for a variety of reasons. Sometimes it is discomfort with confronting mortality; sometimes it is just that they are too busy with the press of daily obligations. But often, it is because they have concerns a… Read More
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Categories: Estate Planning

What Happens if My Beneficiary Dies Before Me?

Parents shouldn’t ever have to bury their children, and everyone should keep their estate planning documents updated. Unfortunately, the former happens too often, and the latter not often enough. The result is that many people end up with an estate… Read More
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Appointing Someone for Your Financial Decisions

No one likes to think about the prospect of being unable to make important decisions for themselves. Yet the unfortunate reality is that many people find themselves in a position in which they are unable to make those decisions, including financial o… Read More
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Undue Influence Among Elders

Often, when a dispute arises over a deceased person’s estate, someone disappointed in their share will accuse someone who received more of having exerted “undue influence” over the deceased. What is undue influence, and how do you prove that so… Read More
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Tips to Protect Assets from Nursing Home Costs

As difficult as it may be to think about, there is a decent likelihood that you may someday need care in a long-term care facility, as about forty percent of Americans who live to age 65 do. If you have ever had a close relative in a nursing home, yo… Read More
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Update: Proposed Changes to Estate Tax Laws

Benjamin Franklin famously said, “In this world, nothing can be said to be certain except death and taxes.” The saying is true as far as it goes. But where death and taxes meet, change seems to happen with every administration, and not always for… Read More
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What Does Biden’s Tax Plan Mean for Step-Up in Basis?

During the 2020 presidential campaign, media coverage of the candidates’ tax plans was largely limited to income tax, most notably Joe Biden’s assurances that families earning less than $400,000 annually would not see their income tax increase. B… Read More
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Categories: Tax Planning

Working From Home: Tips for Success

Little more than a year ago, many people would have said that the opportunity to work from home sounded like a dream. One year into the COVID-19 pandemic, and working from home is a reality for many people. And while it may have seemed like a great n… Read More
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Take a Number: Important Tax and Retirement Planning Numbers for 2021

As you are probably aware, the Internal Revenue announces cost-of-living-adjustments (COLA) each year that increase the amount of certain tax deductions, thresholds, exclusions exemptions, and change contribution limits for retirement planning. If yo… Read More
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Prepaid Tuition or 529 College Savings Plan: Which is Best?

In the late 1970s, a student at a private college paid the modern equivalent of $17,680 per year to attend a private college. If that student went to a public college, total costs were just $8,250 per year. Fast forward 30 years, and those costs had… Read More
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