Are you considering moving to a retirement community? In addition to the facilities amenities, you should examine the financials of the places you are considering and learn how each invests the entrance fees that residents pay in addition to what any monthly costs are. Read
A new trend in death planning is the green burial in which people cut down the impact of their burial on the environment by planning to use eco-friendly options in the disposition of their remains. Green burials require fewer resources for the care of the
An important part of estate planning is designating a health care proxy and developing an advance directive for your care. It is important to give your primary care physician and health care proxy copies of these documents. In addition to giving them copies, you should
How do people without children create a legacy after their death? Marci Alboher, married but without children, tried to answer this question while filling out a questionnaire from her estate planning lawyer. She reached clarity about how she wants to live. Read the complete NYT
For most people, it is their children but those who are childless are faced with creating their own support network to help them negotiate housing, social-service and health care options in addition to legal and financial considerations. One of the first steps is for “elder
After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person
The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow. A
Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who inherits an IRA
Even if you’ve created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact on your family. 1. Alternate Beneficiaries
When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?If you add your child as a joint tenant on your house, you will each have an equal ownership interest
Are you considering moving to a retirement community? In addition to the facilities amenities, you should examine the financials of the places you are considering and learn how each invests the entrance fees that residents pay in addition to what any monthly costs are. Read
A new trend in death planning is the green burial in which people cut down the impact of their burial on the environment by planning to use eco-friendly options in the disposition of their remains. Green burials require fewer resources for the care of the
An important part of estate planning is designating a health care proxy and developing an advance directive for your care. It is important to give your primary care physician and health care proxy copies of these documents. In addition to giving them copies, you should
How do people without children create a legacy after their death? Marci Alboher, married but without children, tried to answer this question while filling out a questionnaire from her estate planning lawyer. She reached clarity about how she wants to live. Read the complete NYT
For most people, it is their children but those who are childless are faced with creating their own support network to help them negotiate housing, social-service and health care options in addition to legal and financial considerations. One of the first steps is for “elder
After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person
The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow. A
Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who inherits an IRA
Even if you’ve created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact on your family. 1. Alternate Beneficiaries
When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?If you add your child as a joint tenant on your house, you will each have an equal ownership interest
