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Family Estate Planning Law Group
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Law enforcement officials, elder lawyers and CPAs all have financial elder abuse in their sights, as a large generation of Americans reaches their senior years and becomes a target for scammers. Continue reading
Posted 2 days ago at Family Estate Planning Law Group
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Do the words bitcoin and IRA belong in the same sentence? If you use bitcoin for a self-directed IRA, your investment could go big—up or down. Is that a risk you are willing to take? Continue reading
Posted 5 days ago at Family Estate Planning Law Group
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Maybe you don’t care about what happens to your “stuff” when you pass, but wouldn’t you rather be the one making decisions about your health and finances if you are unable to? Continue reading
Posted 7 days ago at Family Estate Planning Law Group
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Retirement planning includes considering how much income our retirement savings will generate. However, there are other financial issues to also consider as well, including debt. Continue reading
Posted Jan 8, 2018 at Family Estate Planning Law Group
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Understanding how Medicaid rules work, will help families planning the next step of care. Continue reading
Posted Jan 5, 2018 at Family Estate Planning Law Group
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Creating a retirement plan requires more than figuring out your cost of living and how much income you’ll need. Neglecting the cost of taxes and health care can completely undo your planning. What if you want to create a long-lasting legacy? Continue reading
Posted Jan 3, 2018 at Family Estate Planning Law Group
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With more than $26 trillion saved for retirement, many Americans are making good use of retirement accounts like 401(k)s and IRAs. Continue reading
Posted Jan 1, 2018 at Family Estate Planning Law Group
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While the process starts early, with saving and building wealth, the long game requires protecting that wealth during retirement, which could be many decades long. Continue reading
Posted Dec 29, 2017 at Family Estate Planning Law Group
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Americans in their fifties and sixties may want to think twice about putting off their “bucket list” trips and accomplishments. Recent statistics indicate you may be better off enjoying life now. Continue reading
Posted Dec 27, 2017 at Family Estate Planning Law Group
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There are many questions about giving money to children during your lifetime, and most of them concern taxes. Continue reading
Posted Dec 22, 2017 at Family Estate Planning Law Group
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If you roll the money over to an IRA first, you can donate funds from your 401(k) Required Minimum Distribution tax free. Be very careful to follow the rules, so that you don’t create a tax or penalty problem. Continue reading
Posted Dec 20, 2017 at Family Estate Planning Law Group
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It may sound whimsical, but the moment you open a business is also the time to start thinking about how you’ll exit the business, whether you intend to sell to a partner, leave the entire business to a family member or sell as soon as you come up with the next big idea. Continue reading
Posted Dec 18, 2017 at Family Estate Planning Law Group
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Since so few Americans actually pay the federal estate tax, that’s not enough of a reason to put off doing or updating your estate plan. It is better to get it done by year’s end and then adjust it, if necessary. Continue reading
Posted Dec 15, 2017 at Family Estate Planning Law Group
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Many people with disability income owe student loans. Although deferring repayment or working out a repayment plan based on the individual’s income are possible options, there’s also a process for discharging student loans completely – and it’s cost-free. It’s called a total and permanent disability (TPD) discharge. This U.S. Department... Continue reading
Posted Dec 13, 2017 at Family Estate Planning Law Group
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Even if you’ve always talked about personal finance and planning for later years, it’s not always easy to have these conversations with elderly parents. Continue reading
Posted Dec 11, 2017 at Family Estate Planning Law Group
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Enjoying the warmth of southern climates during the winter and escaping the heat in the summer is the ideal retirement lifestyle for many. However, for estate planning purposes, you’ll need to pick one as your residence. Continue reading
Posted Dec 8, 2017 at Family Estate Planning Law Group
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Saving on income taxes and keeping your income below certain taxable levels, are just two of the benefits of making a tax-free transfer from your IRA to a non-profit organization. But mind the details; you likely need an estate planning attorney’s guidance. Continue reading
Posted Dec 6, 2017 at Family Estate Planning Law Group
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There are gifts you find under the tree, gifts you exchange at White Elephant parties, and then there are gifts that are part of your estate plan. Continue reading
Posted Dec 4, 2017 at Family Estate Planning Law Group
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For the month of December, we will take a look at the planning opportunities to consider before the end of the year. Hear from Vinnie about some of the topics you can expect. Continue reading
Posted Dec 1, 2017 at Family Estate Planning Law Group
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The intention of doing an estate plan on your own, is rarely to create a massive headache for family members. However, that is very often exactly what happens. Continue reading
Posted Nov 29, 2017 at Family Estate Planning Law Group
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There’s more than retirement savings power in a Roth IRA. Used properly, it can help cut your beneficiary’s tax liability, regardless of if and when tax reform becomes reality. Continue reading
Posted Nov 27, 2017 at Family Estate Planning Law Group
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Blending a family is not an easy task, but doing so successfully can create a new and strong family unit. Among the challenges are how to blend finances. Continue reading
Posted Nov 24, 2017 at Family Estate Planning Law Group
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Planning for the hard realities of our later years often doesn’t seem necessary, until we experience the challenges of aging with a loved one. Continue reading
Posted Nov 22, 2017 at Family Estate Planning Law Group
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There are steps you can take now to prepare for the cost of assisted living, which is only likely to increase in years to come. Continue reading
Posted Nov 20, 2017 at Family Estate Planning Law Group
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Unless you’ve been the one to clean up after an inheritance disaster, it’s hard to comprehend how important estate planning is. Once you’ve been through the wringer, you don’t want to do it again. Continue reading
Posted Nov 17, 2017 at Family Estate Planning Law Group