Death and taxes may be certainties of life, but how much tax your family pays upon your death is still within your control to a certain degree.
Thanks in part to the economic impact of the COVID-19 pandemic, don’t bank on a big cost-of-living adjustment (COLA) for your Social Security benefits in 2021.
There’s nothing like a once-in-a-lifetime global pandemic to focus one’s thinking. This year has been one for the books.
The federal estate tax exemption is going up again for 2021.
It is surprisingly easy and common to make mistakes when designating beneficiaries on retirement and investment accounts.
Do you have accounts, records or information that are accessed using your mobile phone, through an internet connection, or by using a keyboard or through a touch-screen or tablet?
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
When do you need your estate plan to ‘go to work’ for you? While you may think the right answer is ‘after I die,’ the actual answer is ‘if I lose the ability to manage my own affairs.’
Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.
If you are the parent of a person with special needs, you are well aware that the role you play is very different than it may be for other children. Properly planning to meet their financial needs, both in the immediate and long term, is a critical part of supporting your child. This support must often continue well past the typical age of adulthood, which means parents need to put in place financial tools to care for their children, in the event of the parents’ death.
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