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Dad Still Holds the Conservatorship for Britney Spears’ Assets It’s impossible to be a global superstar and not have fans knowing every detail about your life, but Jamie Spear, Brittany’s dad, is doing what he can to preserve her privacy. Attorneys for Jamie Spears met in a hearing at Los... Continue reading
Posted 2 hours ago at Oklahoma City Estate & Tax Planning
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How to Select the Correct Medicare Plan Medicare is not a “set-it-and-forget-it” insurance. Every year, you’ll want to review the plans and coverage available. Medicare supplement plans (Medigap) and a Part D prescription drug plan are used to fill in the coverage gaps from Medicare for most people, or they... Continue reading
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Estate Planning for People Who Don’t Have Children It can seem a little overwhelming to plan for your estate, when there are no direct descendents. However, there are still important reasons for you to have an estate plan. For the many Americans who don’t have children or aren’t close with... Continue reading
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Couples Need to Prepare for the Inevitable It is not a happy thought, but at some point, every couple will have to face the loss of their beloved. Planning in advance, financially and emotionally, can be helpful for the surviving spouse. There can be dramatic consequences when a spouse dies,... Continue reading
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Do I Have to Pay My Late Spouse’s Debts? This is an area where you may need guidance from an estate planning attorney. There is a certain order to how the estate has to be paid, from funeral expenses to credit cards. Sadly, it’s not an unusual situation: a spouse... Continue reading
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How Do I “Put My Affairs in Order?” It’s an old expression, but it is still relevant: planning for your eventual passing is a kindness we do for those we will leave behind. Estate planning includes tax planning, charitable giving and passing assets on to the next generation. However, it... Continue reading
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Ask Your Estate Attorney These Questions About the New Tax Law Your estate plan requires updating every few years because your life changes, but when a big tax law change occurs, it’s time to set up an appointment with your estate planning attorney. You likely have some questions about how... Continue reading
Posted Feb 15, 2018 at Oklahoma City Estate & Tax Planning
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Easily Avoided Retirement Mistakes We’re all human, and we have certain behavior patterns that might be good for one part of our lives but not so good when circumstances change, including when we retire. According to a recent article in The (Spartanburg NC) Herald-Journal, “Don’t make these retirement mistakes,” we... Continue reading
Posted Feb 14, 2018 at Oklahoma City Estate & Tax Planning
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How Will the New Tax Law Impact Your Estate Plan? Several estate planning oriented tax exemptions have increased, but there are numerous other changes that require a closer look and possible changes to your estate plan. Most Americans didn’t need to worry about paying federal estate tax before the New... Continue reading
Posted Feb 13, 2018 at Oklahoma City Estate & Tax Planning
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Front-Load Your 529 Plan to Boost Its Power Like any other savings program that takes place over an extended time period, if your budget permits, stashing a good amount of cash early on into your 529 college savings fund could be a game-changer. College savings plans, known as 529s, were... Continue reading
Posted Feb 12, 2018 at Oklahoma City Estate & Tax Planning
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How Art Collections are Protected by Estate Planning While some art lovers pursue their passion to enjoy in their own homes, others purchase art to enjoy now and in the future, for family members and other art lovers. But what happens when art lovers pass is often a mixed bag,... Continue reading
Posted Feb 9, 2018 at Oklahoma City Estate & Tax Planning
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How Your Power of Attorney Should Work A financial power of attorney is an important part of your estate plan, but to make sure it will perform as intended, check on these important factors. Every estate plan should include a financial power of attorney (POA), a legal document that names... Continue reading
Posted Feb 8, 2018 at Oklahoma City Estate & Tax Planning
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Trump Administration Gives States Power to Require Medicaid Recipients to Work The first step toward a GOP goal of overhauling Medicaid, a federal program that serves low-income Americans with healthcare, has begun. New guidelines intended to assist states as they create programs to get healthy, working-age Medicaid beneficiaries into the... Continue reading
Posted Feb 7, 2018 at Oklahoma City Estate & Tax Planning
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Common Estate Planning Mistakes and How to Avoid Them Remember that there are several purposes to estate planning: to assure that your assets are distributed according to your wishes, and to make sure that your wishes are followed, in the event that you are unable to communicate because of illness... Continue reading
Posted Feb 6, 2018 at Oklahoma City Estate & Tax Planning
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IRS and Whitney Houston’s Estate Reach a Settlement It took a while, but the difference is significant—a $2 million settlement versus an $11 million payment to the IRS. The details are all in the court documents. A dispute over the value of royalties, residuals and image value between the estate... Continue reading
Posted Feb 5, 2018 at Oklahoma City Estate & Tax Planning
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Kapuna Caregivers Assistant Act Now Law in Hawaii In Hawaii, there is now help for family members who take care for their elders. It’s a measure of respect, both for the tradition of caring for family members and respect for the elders themselves. Unlike in the lower 48 states, where... Continue reading
Posted Feb 2, 2018 at Oklahoma City Estate & Tax Planning
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Make One of Your New Year’s Resolutions an Estate Plan 2018 is here: how are your New Year’s Resolutions going? If your resolutions included getting your affairs in order, call your estate planning attorney today, and get that process started. We all know that most resolutions fall by the wayside... Continue reading
Posted Feb 1, 2018 at Oklahoma City Estate & Tax Planning
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Ugly Family Drama Plays Out in Sports Headlines Famed sportscaster Craig Sager’s children were cut out of their father’s will and subjected to taunts on social media, as they seek to move on with their lives after his death. Kacy Sager, the daughter of sports reporter Craig Sager has been... Continue reading
Posted Jan 31, 2018 at Oklahoma City Estate & Tax Planning
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Where You Die Matters, If You Want to Minimize Your Heir’s Tax Burden Depending on where you die, you may be able to leave a relatively large sum to your heirs, tax-free, since some states have tied their state estate taxes to the federal amount. If you die in 2018... Continue reading
Posted Jan 30, 2018 at Oklahoma City Estate & Tax Planning
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What is a Medicaid Annuity? This financial product isn’t without some controversy. However, it may be a smart move, when there are few or no alternatives. It’s not an unusual scenario: one spouse has moved to live in a nursing home and will never be able to return home. There... Continue reading
Posted Jan 29, 2018 at Oklahoma City Estate & Tax Planning
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Two Bronx Felines Continue to Enjoy the Good Life, Thanks to Their Owner’s Estate Plan When furry companions are loved, humans plan for their futures by including them in their estate plan. Here’s a different kind of Bronx tale, or perhaps Bronx tail would be more accurate: a Bronx widow... Continue reading
Posted Jan 26, 2018 at Oklahoma City Estate & Tax Planning
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Could This Be the Year You Get Your Finances Organized? If you want a feeling of accomplishment, here’s a quick way to do it: get your financial and legal life in order. With these five simple steps, says nj.com in its recent article, “5 resolutions for managing money,” you can... Continue reading
Posted Jan 25, 2018 at Oklahoma City Estate & Tax Planning
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What Lucas and Sophia Need More than Another Toy Today’s toddlers have lots of toys and kid’s clothes are so much fun to buy. But what their parents really wish you would consider for the next birthday gift: a 529 college account. It’s a request that many millennial parents are... Continue reading
Posted Jan 24, 2018 at Oklahoma City Estate & Tax Planning
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What’s Next After Hygge Trend? The Not-So-Cuddly “Dostanding” Last year, we all learned that “Hygge” is the Danish term for creating a cozy and warm environment; now it’s time for “dostanding,” Swedish for “death-cleaning.” It sounds harsh, but is very sensible. Taking de-cluttering to the next level is “dostanding.” It’s... Continue reading
Posted Jan 23, 2018 at Oklahoma City Estate & Tax Planning
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Tax Court Denies IRS Request for More Evidence from Jackson Estate This could be a major victory for the estate of Michael Jackson, and a big loss for the IRS. It appears that the pop icon’s estate may have dodged an expensive tax bullet. Bloomberg reports in its article, “Michael... Continue reading
Posted Jan 22, 2018 at Oklahoma City Estate & Tax Planning