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King & Wood, P.A.
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“Britney Spears' dad, Jamie Spears, won an injunction against Absolute Britney blogger Anthony Elia…” A court order requires an online blogger, Anthony Elia, to stop talking negatively about Britney's conservatorship, as well as republishing, distributing, or disseminating posts. The man also can’t authorize or ask third parties to do so... Continue reading
Posted 10 hours ago at King & Wood, P.A.
“The Social Security Administration is the No. 1 government agency targeted by imposters, according to the Federal Trade Commission.” If you get a call allegedly from the Social Security Administration, the chances are good that it’s a scam. Prior to disclosing any information or money, there are some steps you... Continue reading
Posted 2 days ago at King & Wood, P.A.
“These changes are so significant that every such plan holders should review their wishes and how their estate plans may be affected.” The SECURE Act has made big changes to how IRA distributions occur after death. Anyone who owns an IRA, regardless of its size, needs to examine their retirement... Continue reading
Posted 3 days ago at King & Wood, P.A.
“Experts say that creating a plan for what happens to your estate — regardless of how meager or massive your assets — is key for unmarried couples who want their commitment to each other protected in the event of death.” A couple that has no intention of ever getting married... Continue reading
Posted 6 days ago at King & Wood, P.A.
“Does a person remain eligible for the Senior Freeze, if she conveys her house to her children, but keeps a life estate reservation on the property?” Many states and counties have what is known as a “Senior Freeze” program. This program reimburses eligible senior citizens and disabled persons for property... Continue reading
Posted 7 days ago at King & Wood, P.A.
“See something...say something! Don't ignore signs of your loved ones changing caregiving needs.” When you're visiting older family members, you have a chance to judge how they're doing in terms of health, safety, and quality of life. AARP’s recent article, “5 Signs Your Loved One May Need Caregiving Support,” advises... Continue reading
Posted Jan 15, 2020 at King & Wood, P.A.
“Estate planning is a systematic process, which involves getting your personal and financial goods for the time, if you pass away or become mentally ill. It is also known as last will, and almost everyone does this planning for their family.” Vents Magazine’s recent article, “Understanding What an Estate Planning... Continue reading
Posted Jan 14, 2020 at King & Wood, P.A.
“Social Security benefits have long been a critical part of Americans’ retirement income plans. After all, the monthly benefits provide a stream of income that is adjusted for inflation annually and can’t be outlived. With the decline of pensions and increasing life spans, Social Security is now playing a larger... Continue reading
Posted Jan 13, 2020 at King & Wood, P.A.
“Estate planning is a complex world for most Americans. For many, the process can seem overwhelming and expensive. For others, it is uncomfortable to confront one’s mortality and requires tough decision making. However, regardless of one’s feeling on estate planning, there is one estate planning document that all Americans should... Continue reading
Posted Jan 12, 2020 at King & Wood, P.A.
“Taxes in New Jersey are no pretty thing, and after you die, the state will once again try to get its cut of the inheritance tax.” nj.com’s recent article, “How can I avoid the inheritance tax for step-grandchildren?” explains that the New Jersey Inheritance Tax is a tax imposed on... Continue reading
Posted Jan 9, 2020 at King & Wood, P.A.
“In honor of Alzheimer’s Awareness Month - and the more than five million Americans living with the disease - we highlight our Top 7 Celebrity Estates impacted by Alzheimer’s disease…” Forbes’ recent article, “Top 7 Celebrity Estates Impacted By Alzheimer’s Disease” looks at seven celebrity estates that were affected by... Continue reading
Posted Jan 8, 2020 at King & Wood, P.A.
“IRAs provide better opportunities for long-term growth than other assets you could leave to a minor.” People often leave assets to minors, but is making a minor an IRA beneficiary a really bright idea? There are many ways to give assets to those for whom you want to leave a... Continue reading
Posted Jan 7, 2020 at King & Wood, P.A.
“The many, wide-ranging constituencies for Allen’s endeavors—from Seattle and Portland sports fans to connoisseurs of fine art and pop culture to nonprofits, real-estate investors and academic and scientific leaders—have questions: What will be kept and what will be sold? What form will the promised philanthropy take and what will its... Continue reading
Posted Jan 6, 2020 at King & Wood, P.A.
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“A bill introduced two months ago that would give veterans the opportunity to train service dogs to reduce the effects of mental health issues has yet to come to a vote, even though it should be a “no-brainer,” one of the Republican co-sponsors said Tuesday.” “It’s really simple: these service... Continue reading
Posted Jan 5, 2020 at King & Wood, P.A.
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“Retirement is a topic that regularly makes headlines, and not all of them are encouraging. Americans are living longer than ever before, resulting in lengthy periods of post-career life.” Investopedia’s recent article, “6 Surprising Facts About Retirement,” writes that if you think most people are saving more in order to... Continue reading
Posted Dec 13, 2019 at King & Wood, P.A.
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“It’s never too early to start planning for your retirement.” While retirement planning may seem daunting, it’s critical to be certain that you have enough savings set aside for your golden years. According to the Federal Reserve, 26% of non-retirees say they have nothing saved for retirement. Zero. CNBC’s recent... Continue reading
Posted Dec 12, 2019 at King & Wood, P.A.
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“When you remarry, you're not only combining residences with your new spouse, you're also merging your finances. If you have children, it may involve some financial-related stress. For instance, you might need to factor in child support payments or consider whether your new marriage will impact your children's inheritance.” Before... Continue reading
Posted Dec 12, 2019 at King & Wood, P.A.
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“In a recent episode of the Dax Shepard podcast "Armchair Expert," Kutcher said he wasn't creating trust funds for his two children with his wife, Mila Kunis.” Ashton Kutcher said, "My kids are living a really privileged life, and they don't even know it.” The actor has an estimated net... Continue reading
Posted Dec 11, 2019 at King & Wood, P.A.
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“Late Cars’ singer Ric Ocasek cut his estranged, supermodel wife out of his will, claiming that she ‘abandoned’ him, the now-public document reveals.” “I have made no provision for my wife Paulina Porizkova (‘Paulina’), as we are in the process of divorcing,” the late Cars’ singer Ric Ocasek wrote in... Continue reading
Posted Dec 10, 2019 at King & Wood, P.A.
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“What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?” You can choose anybody you like to be the executor of your will but consider who will do the best job. Executors are legally responsible for... Continue reading
Posted Dec 9, 2019 at King & Wood, P.A.
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“Whether you've just signed a multi-million-dollar contract or won the lottery, here are some tips that will help you keep and grow your wealth responsibly.” There’s nothing quite like getting an unexpected sum of money. That happiness can be magnified when the amounts are six, seven, eight digits or more.... Continue reading
Posted Dec 6, 2019 at King & Wood, P.A.
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“Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. However, it’s not just freewheeling entertainers.” Forbes’ recent article, “4 Ways To Improve... Continue reading
Posted Dec 6, 2019 at King & Wood, P.A.
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“Find out what these savers have sacrificed in the name of a sound financial future and see what the experts say actually makes a difference in meeting your long-term savings goals, like early retirement.” What are you willing to forfeit now to save for retirement? Principal asked this of its... Continue reading
Posted Dec 6, 2019 at King & Wood, P.A.
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“I'm in my 80s and have a substantial sum in retirement accounts that I plan to leave to my children. Will they have to pay estate taxes on it?” Estate taxes all depend on how on much a person is planning to give to heirs. Motley Fool’s recent article asks... Continue reading
Posted Dec 6, 2019 at King & Wood, P.A.
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“Chances are, Social Security will be a substantial source of income for you once you retire, so the higher those benefits are, the less financial stress you'll grapple with.” Read about how you can increase your Social Security benefits, by taking no action at all. Motley Fool’s article, “2 Passive... Continue reading
Posted Nov 22, 2019 at King & Wood, P.A.