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Daryl Carlson
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What should you have expected to hear during the State of the Union address last week? Key proposals from the President include the following. President Obama addressed the country last week in his State of the Union speech about key proposals he has for our government. Forbes recently detailed some... Continue reading
Posted 12 hours ago at Redlands CA Estate Planning
This year, two legislators who pressed for reform in 2014 are back with new bills they believe have stronger chances of success, as the excesses possible within Florida's guardianship system become more widely known. A recent article in The Herald Tribune, titled “Legislation aims to curb abuses in guardianship system,”... Continue reading
Posted yesterday at Redlands CA Estate Planning
In 2015, only estates worth more than $5.43 million per individual would owe federal estate taxes if the estate owner dies this year. That's up from last year's $5.34 million estate tax exemption. (In addition, the federal lifetime gift tax exemption also rises to $5.43 million in 2015.) 2015 brings... Continue reading
Posted 4 days ago at Redlands CA Estate Planning
Here are seven things you can do this month to positively impact your finances all year. Want to start the New Year off right when it comes to your finances? The Las Vegas Review-Journal article, titled “7 ways to give your finances a facelift in January,”cites some things you can... Continue reading
Posted 5 days ago at Redlands CA Estate Planning
As the executor of [my mom's] estate, I'm trying to help her decide what to do with the house. Let another family member live in it who couldn't pay rent but could help with upkeep? Rent it out for market value? Or sell? If she hasn't already, an article in... Continue reading
Posted 6 days ago at Redlands CA Estate Planning
Here are five rules you need to know about the estate tax for 2015. The estate tax exclusion is now $5.43 million. The federal estate tax applies only to those whose taxable estates exceed a certain amount. The U.S. has a unified gift and estate tax system, so if you... Continue reading
Posted 7 days ago at Redlands CA Estate Planning
Adult children who become caregivers often pay a steep price. However, with some smart strategies, you can avoid sabotaging your financial future. What can you do ahead of time to help ease the financial burden of caring for your aging parents? Look into potential tax breaks. As noted in a... Continue reading
Posted Jan 19, 2015 at Redlands CA Estate Planning
“We see that as a big driver for everyone – the opportunity to put your money into the market and get that appreciation and have all those earnings tax-free when you use them for qualified expenses at a university or trade school, or wherever your child or grandchild, or whoever... Continue reading
Posted Jan 16, 2015 at Redlands CA Estate Planning
Many business owners fear losing control. Before they’re willing to address exit or estate planning options, they must first be assured of complete dominion over their business. So let’s look at how to lock in ownership. Are you worried about losing control of your business? A recent Forbes article, “Control... Continue reading
Posted Jan 15, 2015 at Redlands CA Estate Planning
The New Year is a great time to regroup on your financial plans, reevaluate and/or create new financial goals. By sticking to your financial resolutions throughout the year, you can keep on track towards achieving your financial objectives in 2015 and beyond. Make the New Year a happy one by... Continue reading
Posted Jan 14, 2015 at Redlands CA Estate Planning
Couples planning to blend families often have to make financial arrangements that respect previous relationships with ex-spouses and their families. Issues range from childcare and eldercare to potentially complex matters involving businesses, investment assets and real estate. That’s why involving trained experts in stepfamily financial planning is a must. Blending... Continue reading
Posted Jan 13, 2015 at Redlands CA Estate Planning
Create a file that you name sometime like "ICE," which stands for “in case of emergency.” Some people call this their “grab-and-go” file, since that’s what it’s for. Make sure that anyone who needs to have this information knows how to access it. For example, if you have to leave... Continue reading
Posted Jan 13, 2015 at Redlands CA Estate Planning
Three estate planning questions to ask your parents right now. Caring for aging parents poses many questions, some of which you want to get out of the way early on. A recent article in The Oprah Magazine,titled“Sanity-Saving Secrets For Caring For Your Aging Parents,” suggests three questions to ask your... Continue reading
Posted Jan 9, 2015 at Redlands CA Estate Planning
We asked experts to let us in on a few resources most people overlook. Need more cash to help care for mom and dad? A recent Oprah Magazine article, titled “Sanity-Saving Secrets For Caring For Your Aging Parents,” has some ideas where to look for funds to support your parents... Continue reading
Posted Jan 8, 2015 at Redlands CA Estate Planning
If history is a guide, this coming week nearly half of us will make resolutions seeking to improve some facet of our lives, many of which will be focused on personal finance. If one of your goals for the New Year is to get your financial life in order, here... Continue reading
Posted Jan 7, 2015 at Redlands CA Estate Planning
The Journal has consulted several local professionals with expertise in various financially related realms. We asked each for tips readers can take with them into 2015. As we enter 2015, many Americans will start to shift gears to tax season and filing their 2014 tax returns. Just make sure you... Continue reading
Posted Jan 6, 2015 at Redlands CA Estate Planning
“For those who are single, whether they’ve always been single or they find themselves single again, there are some unique [estate-planning] issues,” says Doug Rothermich, managing director, wealth-planning strategies at TIAA-CREF. Married couples usually can see the benefit of having an estate plan, but single people mistakenly think estate planning... Continue reading
Posted Dec 26, 2014 at Redlands CA Estate Planning
Sharron Epperson, who is CNBC’s senior personal finance correspondent, stressed the importance of retirement planning in the coming year — with two products in particular. Need a financial resolution for 2015? Save as much money as you can in a Roth IRA. One of the best things you can do... Continue reading
Posted Dec 25, 2014 at Redlands CA Estate Planning
Gifting can be an estate planning tool, for you can save on future estate taxes and have the pleasure of watching your dollars work for your children or grandchildren while you are still alive. If you're tired of the standard store-bought items for gifts, you may consider a different spin... Continue reading
Posted Dec 24, 2014 at Redlands CA Estate Planning
“We’re not surprised by the fact that people don’t know a lot about retirement income planning,” says David Littell, program director at the American College. “I was surprised at how badly they did.” Could you pass a retirement literacy test? Apparently, 80% of Americans surveyed did not. These Americans were... Continue reading
Posted Dec 23, 2014 at Redlands CA Estate Planning
There is no magic formula or solution available for transferring personal property because each family and their possessions are different. However, the Extension program "Who Get's Grandma's Yellow Pie Plate?" suggests there are some factors for every family to consider whether planning for the transfer an individual's own personal property... Continue reading
Posted Dec 22, 2014 at Redlands CA Estate Planning
Yes, nobody relishes thinking about the day when they will no longer be around. But with a little effort and foresight, you can give your family the ultimate gift: a peace of mind. Here's a quick checklist of estate planning essentials. Not really ready for an estate planning talk around... Continue reading
Posted Dec 19, 2014 at Redlands CA Estate Planning
"There are no 'do-overs' after you agree to a settlement," says Vickie Adams, a certified financial planner and certified divorce finance analyst in San Pedro, Calif. "After 50, you'll have fewer years to recoup from financial errors, so it's essential to get this right." Here are a few tips for... Continue reading
Posted Dec 18, 2014 at Redlands CA Estate Planning
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 Dec 17, 2014 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 Dec 16, 2014 at Redlands CA Estate Planning