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Family Security Law Group, APC
Recent Activity
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“Seniors are living much longer these days, and many face the prospect that their financial resources will grow thin. If you’re one of these folks, a reverse mortgage could be part of your retirement plan.” A reverse mortgage lets you take tax-free cash equity out of your home, as you... Continue reading
Posted yesterday at Family Security Law Group, APC
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“According to the 2017 Genworth Cost of Care Survey, a widely used barometer for the industry, the median cost of adult day health care in the United States is $1,517 a month.” The median cost of adult day health care in our country is more than $1500 a month. It... Continue reading
Posted 3 days ago at Family Security Law Group, APC
“Ingvar Kamprad was one of the richest men on the planet. But his heirs will only get a fraction of his billions.” IKEA founder Ingvar Kamprad died late last month at age 91. He was one of the richest people on earth, thanks to the great success of his retail... Continue reading
Posted 6 days ago at Family Security Law Group, APC
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“A new generation of collectors is scouring the homes of deceased celebrities and business titans in search of relics from a bygone time.” A home with decades-old décor normally might struggle to find a buyer. However, The Wall Street Journal explains in its recent report, “Estate Sales Are Cool Again”... Continue reading
Posted Apr 11, 2018 at Family Security Law Group, APC
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“It's an unfortunate fact of life, but disasters happen. How you prepare for them makes a huge difference. Here's how to protect yourself from two of the biggest retirement disasters: long-term care costs and bear markets.” We’ve seen a lot of disasters recently. Hurricanes, floods, fires, and earthquakes seem to... Continue reading
Posted Apr 9, 2018 at Family Security Law Group, APC
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“When people hear the phrase “estate planning,” most think, “That’s for wealthy people.” While wealthy people, at least the prudent ones, take the steps to plan for their estate, this type of planning is about more than wealth. It’s actually about eliminating bad outcomes and confusion for those you may... Continue reading
Posted Mar 14, 2018 at Family Security Law Group, APC
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“Understanding what taxes are–and aren't—owed on money gifts.” It’s not unusual for parents and in-laws to help a young couple buy a house. The parent can gift money to them, but must the young couple pay taxes on the money? The tax laws on gifts can be pretty confusing, says... Continue reading
Posted Mar 5, 2018 at Family Security Law Group, APC
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“Tax-cutting strategies change once you retire. Some ideas that helped while you were working, no longer apply once you start taking Social Security and RMDs. Don't make these three common mistakes.” Retirees have some unique tax challenges. It can be hard to grasp the federal and state taxes on retirement... Continue reading
Posted Mar 2, 2018 at Family Security Law Group, APC
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“Audrey Hepburn's will has been revealed for the first time in her son's battle against her children's charity over the Hollywood star's name and likeness.” Sean Hepburn Ferrer sued the Audrey Hepburn Children's Fund last fall for infringing trademark and other rights belonging to him and Luca Dotti, his half-brother,... Continue reading
Posted Feb 28, 2018 at Family Security Law Group, APC
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"The new reality is that our lives are largely digital, and the artifacts of our digital lives have value, from both sentimental and financial standpoints.” A recent Morningstar article asks, “Do You Have a Plan for Your Digital 'Estate'?” The article reminds us that not every aspect of an estate... Continue reading
Posted Feb 27, 2018 at Family Security Law Group, APC
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“Solving the retirement puzzle can require using investments for liquidity and growth, insurance products for income and principal protection and possibly alternative investments for diversification. That requires a plan.” Kiplinger’s recent article, “Plot a Smoother Retirement Journey with a Written Income Plan,” explains that Social Security is expected to play... Continue reading
Posted Dec 13, 2017 at Family Security Law Group, APC
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“A will is a public document. Once the probate process begins—which is what happens when you use a will as an estate planning device—anyone can view it.” Comedian Jerry Lewis died last month of heart failure at the age of 91. He left behind a wife, six children from a... Continue reading
Posted Dec 12, 2017 at Family Security Law Group, APC
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“If you have concerns about a will challenge, the first thing that you should do is talk to the attorney.” The Northwest Indiana Times says in its recent article, “Choosing an executor,” that will challenges are pretty rare. A successful contest can stem from an issue with the will making... Continue reading
Posted Dec 11, 2017 at Family Security Law Group, APC
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“Choosing a trustee for your living trust, seems like it wouldn’t be that difficult. Most living trusts (also called revocable trusts and sometimes called grantor trusts) will name the person or people who set them up as the initial trustees.” The (Riverside CA) Press-Enterprise explains in its recent article, “Women... Continue reading
Posted Dec 8, 2017 at Family Security Law Group, APC
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“For reverse mortgage specialists looking to build a referral network, local elder law attorneys can be a smart resource.” Elder law attorneys work with seniors and their families to plan for long-term care needs. In many instances, this includes assisting with their future housing options. Reverse Mortgage Daily’s recent article,... Continue reading
Posted Oct 30, 2017 at Family Security Law Group, APC
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“Lawyers for the Whitney Houston Estate are still attempting settle an $11 million IRS demand. But did Uncle Sam completely miscalculate the royalties?” Pop singer Whitney Houston was a legend in the music business. She sold millions of records before her death in 2012. In fact, she’s still selling records... Continue reading
Posted Oct 27, 2017 at Family Security Law Group, APC
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“Your family and friends are important, and the transfer of wealth after you pass can be greatly simplified with an expert on your side.” Are you a tax law expert? Tax law is one of the most complicated legal fields in the discipline. It really should be left to the... Continue reading
Posted Oct 24, 2017 at Family Security Law Group, APC
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“Smart moves to strategize your financing and keep costs in line.” The average person’s savings and Social Security income won’t be enough to pay for assisted living. As a result, individuals will combine those assets with long-term-care insurance benefits, home-sale proceeds and contributions from family members to cover the costs.... Continue reading
Posted Oct 23, 2017 at Family Security Law Group, APC
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“Wells Fargo Investment Institute has advice for millennials, as they start to take a leading role in shaping the U.S. economy: start saving.” The Wells Fargo Investment Institute's generational research report found that 41% of Americans between the ages of 17 and 35 have yet to begin saving for retirement.... Continue reading
Posted Oct 20, 2017 at Family Security Law Group, APC
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“If you are a survivor, it is normal to feel confused and overwhelmed. Assuming that you know you are the executor of the will, then the pressure can be much greater.” Even when a person who passes away spent a lot of time getting their affairs in order, there can... Continue reading
Posted Oct 18, 2017 at Family Security Law Group, APC
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“While financial advice is designed to apply to all investors, the reality is that women statistically live longer than men and may face issues such as ensuring their assets last through their expected lifetime.” Financial and estate planning is essential for everyone, but the fact that women are more likely... Continue reading
Posted Oct 17, 2017 at Family Security Law Group, APC
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“It is best to get advice from a solicitor, public trustee or private trustee, if you are unsure about making or changing a will.” There’s no escaping death. It’s a fact of life. But having your affairs in order helps eliminate some of the stress and anxiety during a very... Continue reading
Posted Oct 16, 2017 at Family Security Law Group, APC
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“The vast majority of older adults receive long-term care at home, not in nursing homes. But few people plan for this expense.” Many seniors don’t feel that long-term care (LTC) insurance is a viable option. They think it’s expensive and is often just protection against the cost of nursing home... Continue reading
Posted Oct 13, 2017 at Family Security Law Group, APC
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The United Kingdom's Law Commission has recently recommended major changes to how courts in that country handle estate cases. In the U.S., laws about what constitutes a valid legal will have not changed very much since the Declaration of Independence. Most states still follow the old English law that a... Continue reading
Posted Oct 11, 2017 at Family Security Law Group, APC
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“Prenuptial agreements are a relatively modern concept.” More millennials are delaying the exchanging of wedding vows until later in life. They are actually waiting much longer than previous generations. However, they’re more likely to have careers, businesses and property. This makes them more protective of what they’ve built. Because of... Continue reading
Posted Sep 29, 2017 at Family Security Law Group, APC