Now may be a good time to consider a Roth IRA Conversion. When it comes to retirement planning, many people focus on picking the right mix of investments. And while asset allocation is undoubtedly important, it's not the only factor to consider. Another crucial...
Internal Revenue Service Offers Further Relief for Late Filed Estate Tax Returns Electing Portability. Portability is a planning tool available only to married couples. It essentially allows a surviving spouse to take any leftover estate tax exemption that the...
Movie and TV fans were shocked to hear the news of Ray Liotta's death on May 26. The "Goodfellas" star was just 67 when he died. Deadline reported that he was on location in the Dominican Republic working on a new movie, when he was found to have died in his sleep....
Estate plans come in all sizes and shapes. One of the decisions in creating an estate plan is whether a trust should be part of your plan, as detailed in this recent article titled “Trust vs. Will: What They Share (And 6 Ways They are Different)” from Yahoo! Money....
This is a problem solved by a trust—a “spendthrift” trust. With a spendthrift provision in a testamentary trust created under a will or an inheritance trust created under a revocable living trust, the trustee makes all decisions about distributions. This can be an...
Studies show that adult children complain that their parents are stubborn and that the parents themselves admit this. Considerable’s recent article entitled “Why are your aging parents so stubborn? Researchers think they have the answer” explains that as children...
It’s always the right time to do your estate planning, but it’s most critical when you have beneficiaries who are minors or with special needs, says the Capital Press in the recent article, “Ag Finance: Why you need to do estate planning.” While it’s likely that most...
There’s a growing body of research that supports the notion that grandparents will live longer if they babysit the grandchildren. Parents with young children can know that their parents and their children are getting benefits from babysitting time together, says...
