If the coronavirus pandemic has taught us anything, it is that life is uncertain. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted love ones to make decisions for their well-being while they were incapacitated. Family caregivers are generally given the task of some medical and […]
It is fairly typical for young adults, even those with professional careers who are age thirty or more, to believe they are too young to concern themselves with estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all […]
Because the federal estate tax exemption allowance appears to be in jeopardy of being lowered, it may be time to reconsider how you plan to pass generational wealth to your heirs. Senate Democrats are proposing to lower the current estate tax exemption from $11.7 million to $3.5 million for individuals and $23.4 million to $7 […]
When it comes to deciding how to leave property to your children, we typically like to equally distribute their inheritance, but sometimes it’s not as simple as it should be. For example, your son is a starving artist with mouths to feed and your childless daughter has made millions on Wall Street – the temptation […]
Most Americans have been receiving direct payments from the federal government known as “stimulus checks.” As part of the coronavirus…
After an asset-holder dies, the court will appoint a valid will’s executor to administer the probate process. Probate is the legal…
The beloved talk-show host, Larry King married seven women and had five children with several of them. He died at age 87 on January 23,…
When a loved one dies with a will, the will lays out who shall receive their property, and which person (called the executor) will be in…
It’s important to prepare and organize your financial information for when you are no longer capable, since it will bring peace of mind…
The Centers for Medicare and Medicaid (CMS), in conjunction with the Centers for Disease Control and Prevention (CDC), conclude that the…
Although it can be useful to have another person available to keep track of bills when you’re sick or away, adding a child’s name to a…
Suppose your mother now needs nursing-home care because she can no longer make decisions for herself. You are stressed and anxious. The…