This week we will look at an example of a celebrity who appears to have made a number of wise decisions in her lifetime estate planning. In contrast to the […]
What is a reverse mortgage? Similar to a conventional mortgage (“Conventional Mortgage”), the borrower in a reverse mortgage (“Reverse Mortgage”) will continue to own the home. The lender does not […]
Yes, in that the state furnishes everyone with a plan to settle their affairs and distribute their assets when they die. That plan is called the laws of intestacy. However, […]
Will my beneficiaries owe taxes on the retirement accounts I pass down to them? Most retirement account, including so-called “traditional” IRAs and employer sponsored 401(k) accounts, are funded with the […]
Planning for a Loved One with Special Needs In general, a trust is a legal device whereby property of some sort (real estate, cash, tangible personal property, etc.) is […]
Inherited IRAs Can Be Taken From the Beneficiary Last month, in its unanimous decision in Clark v. Rameker, the United States Supreme Court decided that an inherited IRA does not […]
An affluent client comes in for estate planning and explains that one of her foremost objectives is to make sure that the wealth she has accumulated over a lifetime of […]
One of the benefits of proper estate planning is to ensure that you, and your assets, will be taken care of even if you are no longer able to do […]
A prepaid funeral is when a person and/or that person’s family pay for funeral services and related costs while the person is alive. For many individuals, dealing with the financial […]
When a person dies leaving assets owned individually in the decedent’s name only, those assets will need to pass through a court-supervised process known as “probate.” The primary probate for […]