Don’t Make The Estate Planning Mistake This Financial Planner Almost Did
When my kids were little — ages 2 and 4 — I left my husband. As most divorcing couples do, we divided up our assets. Since our individual IRAs held similar amounts, I kept mine and he kept his. At that...
View ArticleEstate Planning Mistake #5: Leaving Assets Outright To Adult Children
This is the fifth installment of my seven-part series on major estate planning mistakes. I review the first four installments at the end of this post. Mistake #5: Leaving assets outright to adult...
View ArticleBig Estate Planning Mistake — The Power Of Attorney Trap
A power of attorney (POA) is an essential estate planning document. But you (and especially your agents) need to know its limits and how to maximize its benefits. In a POA, the principal (you) names...
View ArticleHow To Resolve Finances After A Death In The Family
After his mother’s death, Ken Moraif had to unravel her finances. Millions of Americans each year face a similar task, but he had a unique challenge — he had to crack a code. His mother had detailed...
View ArticleThe 3 Reasons Why People Do Estate Planning
Whether you are leaving a huge financial windfall behind for your offspring or a smaller monetary account, it is important to create an estate plan which allows greater control, privacy and security of...
View ArticleDefusing The Time Bombs In Your Estate Plan
There’s a time bomb ticking in many estate plans. You likely won’t know if the bomb explodes. The bombs explode in many estates, however, and the only question is how big the explosion will be. The...
View ArticleHead Off A Small Business Skirmish: Draw Up Your Will Or Estate Plan Today
Aretha Franklin was worth some $80 million when she died last month — without a will. Prince was worth upwards of $300 million when he died suddenly at age 57 in 2016. He too died without a will and...
View ArticleEstate Planning And Your Pursuit Of Happiness
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of...
View ArticleMake This Estate Planning Move Right Now
With today’s relatively generous $11.18 million federal estate tax exemption, estate planning is only a concern for the rich. Right? Wrong! In fact, regardless of your income or net worth, there’s one...
View ArticleStan Lee’s Tangled Web Of Estate Planning And How To Avoid This Mess
Stan Lee, the co-creator of superheroes including Iron Man and Spider-Man, left this universe with a long list of unfortunate events, and not even the Avengers can help with this one. The late former...
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