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Here’s an Unexpected Way to Improve the Quality of Your Retirement A new study reveals a surprising approach that is based on serious statistical analysis. This doesn’t seem possible, but the source is impressive, and the concept warrants a closer look. Imagine that you have a choice of how to... Continue reading
Restraining Order Issued Against Marvel Comic’s Genius Stan Lee According to his former attorney, after Stan Lee’s wife died, a long-time caregiver started taking over his life. Sky News reports that Stan Lee’s former attorney filed a petition for a restraining order, because caregiver Keya Morgan is “unduly influencing Mr.... Continue reading
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Are You Financially Ready to Live Past 90? In the past, wealth advisors had client assets move to a conservative position, once they retired. Retirement could now last several decades, and investment planning has shifted as well. Longer lifespans mean that financial planning has had to change. As recently as... Continue reading
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Can You Protect Your Family from the Impact of a Sudden Death? Family finances can take a huge hit from the unexpected death of the main breadwinner. Advance planning, even when death seems like a remote possibility, can help. Several national conversations were launched when two bold-name celebrities— Kate Spade... Continue reading
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Why Do I Need a Living Will? Unless you want your spouse or your kids to make a lot of very difficult decisions during a difficult time, you should have a living will in place. A living will provides instructions about how you want to be cared for at the... Continue reading
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Retirement Taxes Can Undo Your Golden Years: What You Need to Know Taxes during your working years are relatively straight-forward. When you retire, they get more complicated. Surprised? So are a lot of retirees. You’ll need all your analytic skills when you reach retirement, since finances become more complex. Depending... Continue reading
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What Does an Executor Do? If you’ve been asked to serve as an executor of an estate, it will be important for you to understand your responsibilities. It is both an honor to be asked to carry out your family member or friend’s final wishes, but it is also a... Continue reading
Posted Jun 22, 2018 at Oklahoma City Estate & Tax Planning
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Navigating the Do’s and Don’ts of Annuities and Medicaid Eligibility Decisions about annuities need to take into consideration the possibility that you or your spouse may need long-term care. Some annuities may be helpful, but others could make you ineligible for Medicaid. Proceed with caution. If a financial advisor is... Continue reading
Posted Jun 21, 2018 at Oklahoma City Estate & Tax Planning
Planning for a Disabled Child and an Inheritance Parents of special needs children must plan carefully for their children’s lives, after the parents are gone. If there is an inheritance in the future, means-tested benefits could be lost, unless proper planning takes place. Parents who have devoted their lives to... Continue reading
Posted Jun 20, 2018 at Oklahoma City Estate & Tax Planning
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DJ Casey Kasem’s Daughter Shares Her Family’s Legacy and Battle for Elder Abuse Laws A radio personality in her own right, Kerri Kasem and her siblings were kept away from their famous father at the end of his life. That experience led them to fight for change, and to create... Continue reading
Posted Jun 19, 2018 at Oklahoma City Estate & Tax Planning
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Do Your Homework Before Rolling a 401(k) Into a New Employer’s Plan There may be better options than just moving the account from one employer’s plan to another. Learn about your options and consider fees and taxes first. What most people do when changing jobs, is simply have their retirement... Continue reading
Posted Jun 18, 2018 at Oklahoma City Estate & Tax Planning
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How Baby Boomers and Entrepreneurs Put Their Retirements at Risk Is starting a business part of your retirement dream? Many boomers start a passion-fueled business during retirement, thinking they’ll earn big bucks, while finally doing what they’ve always dreamed of. The number of boomers launching businesses is on the rise,... Continue reading
Posted Jun 15, 2018 at Oklahoma City Estate & Tax Planning
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Olivia de Havilland Loses Suit Against Docudrama Producers It’s not always easy being a household name. Screen legend Olivia de Havilland filed a lawsuit against FX and show creator Ryan Murphy, saying that they used her likeness without permission and should have paid her. However, the appeals court disagreed. She... Continue reading
Posted Jun 14, 2018 at Oklahoma City Estate & Tax Planning
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Estate Planning Mistakes You Can Fix Before They Get Expensive Not having an estate plan in place, makes seniors vulnerable to financial elder abuse. Are you among the 60% of Americans 60 years old and older who don’t have estate planning documents in place, or the 40% who understand how... Continue reading
Posted Jun 13, 2018 at Oklahoma City Estate & Tax Planning
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How Do You Plan for a Fulfilling Retirement? Your golden years might be three decades long, so planning your retirement and income has to match up with a longer and more active lifestyle. Today’s retirement could last two or three decades, as people stay healthier and live longer, according to... Continue reading
Posted Jun 12, 2018 at Oklahoma City Estate & Tax Planning
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Medicaid Work Requirements Being Reviewed in Michigan Michigan is the fourth state to sponsor legislation that would require Medicaid recipients to work 29 hours a week to maintain their eligibility for Medicaid. The Michigan House Appropriations Committee spent two hours reviewing Senate Bill 897, sponsored by State Senator Mike Shirkey,... Continue reading
Posted Jun 11, 2018 at Oklahoma City Estate & Tax Planning
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Fairly, Equally or Equitably: Dividing Your Estate When the goal of building wealth is to advance the quality of life for multiple generations, planning decisions must be made about how to distribute the wealth. These are not always easy choices. Passing on significant wealth, can often lead to disagreements and... Continue reading
Posted Jun 8, 2018 at Oklahoma City Estate & Tax Planning
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Can You Name a Charity as the Beneficiary of a Retirement Account? You can accomplish the same thing two different ways: by naming a charity as the beneficiary of an IRA, or making the IRA a POD, the charity will receive the funds directly after you pass. Whichever way you... Continue reading
Posted Jun 7, 2018 at Oklahoma City Estate & Tax Planning
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Charitable Giving by Florida Couple Helps Hospital and the Community Nonprofit community hospitals face many financial challenges, so the generous multi-million dollar commitment in the Cooper’s estate plan is greatly appreciated by the hospital and its leadership. By selecting charities that they know and respect to receive large gifts from... Continue reading
Posted Jun 6, 2018 at Oklahoma City Estate & Tax Planning
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Who Would Lose Track of a Retirement Account? Some people track everything from gas mileage to home improvement costs. Other people forget that they had a retirement account at a previous employer. The U.S. Labor Department says that 1,650 401(k) plans are flat out forgotten every year. The Forbes article... Continue reading
Posted Jun 5, 2018 at Oklahoma City Estate & Tax Planning
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Lawsuit Will Follow if Thicke’s Widow Doesn’t Receive Inheritance Robin and Brennan Thicke are recklessly spending their father’s money, says Tanya Callau, and is threatening a lawsuit, if she doesn’t get her inheritance. Actor Alan Thicke named his sons Robin and Brennan as co-trustees of his estate, and ever since... Continue reading
Posted Jun 4, 2018 at Oklahoma City Estate & Tax Planning
New Tax Law Means Your Estate Plan Needs a Review Whenever there is a big change in the tax law, it’s a good idea to review your estate plan to ensure that you are not missing any opportunities. The Tax Cuts and Jobs Act of 2018 is no exception. A... Continue reading
Posted Jun 1, 2018 at Oklahoma City Estate & Tax Planning
Prepared for Retirement? Most Americans are Not and They’re Worried Most Americans expect to keep working past traditional retirement age, according to a recent study. According to a recent article from Think Advisor, “1 in 3 Americans Have Less Than $5,000 in Retirement Savings,” almost eight in ten Americans are... Continue reading
Posted May 31, 2018 at Oklahoma City Estate & Tax Planning
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What is the Purpose of a Conservatorship? Conservatorships are granted by a court to a guardian or a caregiver, when a person can no longer care for themselves or an estate is in chaos. It is usually the end result of a bad situation. Establishing a conservatorship is a complex... Continue reading
Posted May 30, 2018 at Oklahoma City Estate & Tax Planning
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How Do Trusts Work, and Do I Need One? Trusts are appropriate in many instances to protect assets, before and after death. Be forewarned: there is one universal blunder that can undo your best planning. As your estate planning attorney will tell you, there are many different types of trusts,... Continue reading
Posted May 29, 2018 at Oklahoma City Estate & Tax Planning