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
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
Technology has outpaced the law. In the United Kingdom, the Law Commission is proposing a radical overhaul of inheritance laws so that people will be able to use notes, voicemail and text messages to make their wills. Current UK law regarding wills dates back to
Americans are misinformed about many aspects of Social Security, and local Social Security offices may not be helping, according to a study by the Government Accountability Office (GAO). The study found that the Social Security field offices often did not provide key information that would
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
Tax day, which is April 18th in 2017, is approaching and it is time to begin crossing T’s and dotting I’s in preparation for paying taxes. As tax time draws near, you want to make sure you file all the proper forms and take all
Across all age groups, women have considerably less income in retirement than men, according to a report from the National Institute on Retirement Security. Between gaps in employment due to child rearing or caring for an aging relative and earning less than men, women are
A recent survey found that just 36 percent of adults with minor children had a will. One important function of a will is for parents to name a guardian to care for their children, in the event of their death. Other functions include the distribution
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
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
Technology has outpaced the law. In the United Kingdom, the Law Commission is proposing a radical overhaul of inheritance laws so that people will be able to use notes, voicemail and text messages to make their wills. Current UK law regarding wills dates back to
Americans are misinformed about many aspects of Social Security, and local Social Security offices may not be helping, according to a study by the Government Accountability Office (GAO). The study found that the Social Security field offices often did not provide key information that would
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
Tax day, which is April 18th in 2017, is approaching and it is time to begin crossing T’s and dotting I’s in preparation for paying taxes. As tax time draws near, you want to make sure you file all the proper forms and take all
Across all age groups, women have considerably less income in retirement than men, according to a report from the National Institute on Retirement Security. Between gaps in employment due to child rearing or caring for an aging relative and earning less than men, women are
A recent survey found that just 36 percent of adults with minor children had a will. One important function of a will is for parents to name a guardian to care for their children, in the event of their death. Other functions include the distribution
