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Daryl Carlson
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Have a plan; either you decide or someone else does. Year-end is a great time to evaluate your estate planning goals! This timely topic was the theme of a recent article in the Pittsburgh Post Gazette titled "Holiday season is the best time to update your estate planning." Here are... Continue reading
Posted 4 hours ago at Redlands CA Estate Planning
Leave it to Beaver? Or do you prefer to leave your estate to someone else? Today’s families are a lot different than Ward and June Cleaver. There are more families today with non-traditional situations than ever before. This makes financial and estate planning all the more important. If your family... Continue reading
Posted yesterday at Redlands CA Estate Planning
“Why do we care about these perpetual trusts?” Mr. Sitkoff said. “Because there’s a lot of money in them. Billions of dollars is pouring into these jurisdictions.” Perpetual trusts: good or bad? The principle of this tool is up for debate. Perpetual trusts allow trust creators to maintain some control... Continue reading
Posted 2 days ago at Redlands CA Estate Planning
The newest amendment to New Jersey's Medicaid program will allow those who earn too much to qualify for full assistance — but who can't afford the cost of the care they need — to receive help through the creation of a trust account at a bank. A recent Medicaid change... Continue reading
Posted 5 days ago at Redlands CA Estate Planning
Adult children have historically expected to inherit from their parents while in their 40s or 50s, yet now many aren’t doing so until their 70s or even 80s, as their parents live into their 90s or beyond. When should you expect to receive your inheritance? According to the Social Security... Continue reading
Posted 6 days ago at Redlands CA Estate Planning
Although nobody can be forced to participate as a caregiver, there are ways to approach the situation that are more likely to have a positive result. Families encounter many issues when planning care for a loved one. A common issue is the unwillingness of siblings to “step up to the... Continue reading
Posted 7 days ago at Redlands CA Estate Planning
The end of the year is a great time to consider making a contribution to a cause that is meaningful to you. Along with potential tax benefits, there is the enjoyment that comes from making a positive difference and helping the organization of your choice. Is the holiday spirit prompting... Continue reading
Posted Dec 9, 2014 at Redlands CA Estate Planning
Taken all together, these steps might seem overwhelming. But if you do one task each day, you can really change your financial life by year-end. Is it too late in the year to get your finances ironed out? Fortunately, a recent article from, titled “7 financial steps to take... Continue reading
Posted Dec 8, 2014 at Redlands CA Estate Planning
Managing an estate can be complicated and overwhelming, but libraries can often be sources of hidden value, and thus should not be ignored. There's always a chance that tucked away in that library are a few rare first editions or hard-to-find antique items. But if you're facing hundreds of volumes... Continue reading
Posted Nov 28, 2014 at Redlands CA Estate Planning
“Regardless of how much wealth you have,” says Gregory Popera, a private wealth adviser with Bank of America Merrill Lynch, “having some type of estate plan and financial power of attorney are sort of the financial building blocks to make sure your assets go where you want them to go.”... Continue reading
Posted Nov 27, 2014 at Redlands CA Estate Planning
Planning for Death Is Unpleasant, but Critical Nonetheless Once someone dies there is much work to be done. These are a few suggestions to help you get administratively organized for death. To make death easier for all involved, it’s critical to plan some of the issues related to death far... Continue reading
Posted Nov 26, 2014 at Redlands CA Estate Planning
Where there’s a will, there’s a way—and sometimes an ugly family feud. Families are consumed with grief when a loved one dies, but unfortunately certain legal and organizational tasks that arise can’t be ignored or put off for long. But you can ease the burden on your loved ones by... Continue reading
Posted Nov 25, 2014 at Redlands CA Estate Planning
This case has drawn plenty of attention due to its legal and financial implications. Essentially, the case has escalated to the point of a federal judge warning state regulators that she would consider issuing an order to drop Ohio from Medicaid enrollment altogether, leaving the Buckeye State without federal funds... Continue reading
Posted Nov 24, 2014 at Redlands CA Estate Planning
By putting ownership in trust and designating a knowledgeable person to oversee an individual’s firearms, the chance of such issues arising is minimized. Plus, paperwork requirements for transferring guns are streamlined and the trust prevents information about a valuable collection that might be of interest to thieves from being made... Continue reading
Posted Nov 21, 2014 at Redlands CA Estate Planning
Auto accidents are the second leading cause of injury-related mortality among people 65 and older. “It is everyone’s responsibility to identify and assist a mentally impaired driver,” she said. Another birthday coming up for an elderly loved one? It may be time to evaluate their driving skills. A recent article... Continue reading
Posted Nov 20, 2014 at Redlands CA Estate Planning
Recently, I outlined a basic estate plan for a couple with children. Now, a reader in California asks: “What about marrieds without kids?” Married without children? What essential estate planning tasks should you focus on? The Wall Street Journal says, in an article titled “Estate Planning for Childless Couples,” that... Continue reading
Posted Nov 19, 2014 at Redlands CA Estate Planning
Continual planning is essential for finding opportunities that will reduce the financial burden. Several options exist to help corporations retain wealth and reduce taxes legally. At the end of the business year 2014, companies will be examining data to see if there are any tax savings available on defined contribution,... Continue reading
Posted Nov 18, 2014 at Redlands CA Estate Planning
Cash-strapped millennials are slipping into the red. In fact, their savings rate has dipped to negative 2%, meaning that they're spending more than they have. The unemployment rate was down to 5.8% last month and the U.S. economy added 214,000 jobs. However, a recent article on the CNN website, titled... Continue reading
Posted Nov 18, 2014 at Redlands CA Estate Planning
State and federal estate and inheritance tax rates are what drive most people’s estate plans, but now that tax rates are falling and exemptions rising in many jurisdictions, how much people will leave their heirs isn’t what keeps them awake at night anymore. What they really worry about is how... Continue reading
Posted Nov 14, 2014 at Redlands CA Estate Planning
Establishing a will is a vital part of protecting your financial legacy and there is no benefit in delaying it. Here are six often-avoided questions to help you get over your fear of wills and establish one for your family. There are no silly questions when it comes to your... Continue reading
Posted Nov 13, 2014 at Redlands CA Estate Planning
To prevent you and your family members from enduring more stress, misery or confusion than necessary, here are five estate-planning booboos to avoid ... Think you have the right ideas when it comes to your estate? You may want to watch out for some common "don'ts" in the estate planning... Continue reading
Posted Nov 12, 2014 at Redlands CA Estate Planning
“Income-tax rates are going up so it becomes more expensive for a grantor to maintain the grantor trust status of a trust they’ve set up,” says Lynn Halpern Lederman, managing director and senior fiduciary counsel – Northeast Region at Bessemer Trust, a New York firm that oversees $97.5 billion. A... Continue reading
Posted Nov 11, 2014 at Redlands CA Estate Planning
A well-planned estate is a wonderful legacy you can leave your heirs — instead of untangling a messy estate, they can follow concrete steps, allowing them to take care of business while mourning their loved one. Document gathering can be overwhelming when it come to a loved one's passing. What... Continue reading
Posted Nov 10, 2014 at Redlands CA Estate Planning
Although the vast majority of estates aren't contested, the more money that is at stake, the more incentive a family member has to try to get some of it. Certain family issues in the USA are unique to our country. However, some people tend to have the same behaviors and... Continue reading
Posted Oct 31, 2014 at Redlands CA Estate Planning
Six Philadelphia men forged, cheated and lied their way into collecting a dead woman's house and car, police said. If no heirs exist and no estate plan determines where your estate should go, it must be up for grabs. Right? Well, no. But unfortunately for one woman's estate, this scenario... Continue reading
Posted Oct 30, 2014 at Redlands CA Estate Planning