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King & Wood, P.A.
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How Do I Best Pass My Car to My Heirs?
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How Do I Best Pass My Car to My Heirs? “Steps to take so there is no delay in passing a car to your heirs.” A recent nj.com article asks, “What is the best way to pass a car to your heirs when you die?” The article explains that, as... Continue reading
Posted yesterday at King & Wood, P.A.
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What are the Estate and Gift Tax Limits for 2019?
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What are the Estate and Gift Tax Limits for 2019? “The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. That means an individual can leave $11.4 million... Continue reading
Posted 2 days ago at King & Wood, P.A.
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Should I Give Access to My Checking Account to My Adult Son in Case of an Emergency?
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Should I Give Access to My Checking Account to My Adult Son in Case of an Emergency? “Setting up joint accounts between parents and children may seem like an effective way to prepare in case of emergency or if people need help with finances as they get older, but it... Continue reading
Posted 3 days ago at King & Wood, P.A.
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Can I Do a Transfer on Death (TOD) Registration for Certificates of Deposit and Investment Accounts?
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Can I Do a Transfer on Death (TOD) Registration for Certificates of Deposit and Investment Accounts? “What you need to know about registration of certain investments.” A transfer on death (TOD) designation lets the beneficiaries of an account receive assets at the time of the person's death, without going through... Continue reading
Posted 4 days ago at King & Wood, P.A.
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Should I Get Disability Insurance?
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Should I Get Disability Insurance? “Disability insurance can help protect your salary, if you are sidelined from work because of a health issue. Many individuals tend to skim over the details of this coverage during open enrollment, leaving them and their loved ones vulnerable.” One in four adults will become... Continue reading
Posted 5 days ago at King & Wood, P.A.
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Spotlight on Fiduciary Litigation at King & Wood, P.A.
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As part of its elder law practice, our law firm handles fiduciary litigation involving wills, trusts, probate estates, guardianships, and elder exploitation. Distinguished Louisiana trial lawyer James Gibson (right) appeared as co-counsel with Kim King and Ray Mazzie during a court hearing in a trust case Wednesday. Afterward, Kim and... Continue reading
Posted Dec 7, 2018 at King & Wood, P.A.
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What Estate Planning Mistakes Should I Avoid After a Divorce?
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What Estate Planning Mistakes Should I Avoid After a Divorce? “According to a report from UBS Global Wealth Management, 56% of married women leave control of major financial planning and investing decisions to their spouses.” Divorce can be a very difficult time and a big change for most people. However,... Continue reading
Posted Dec 7, 2018 at King & Wood, P.A.
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What’s the Best Way to Make a Donation for My Taxes?
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What’s the Best Way to Make a Donation for My Taxes? “’Tis the season for giving, and one of the best ways to feel good while making a difference in the world is to donate to charities.” The way that you donate can significantly impact your tax bill—especially with the... Continue reading
Posted Dec 6, 2018 at King & Wood, P.A.
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How Do I Protect the Identity of my Deceased Spouse?
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How Do I Protect the Identity of my Deceased Spouse? “After someone dies, there's a lot to do in order to with finances and making sure that no one steals the dead person's identity.” When a senior passes away, there are frequently questions about the type of benefits from Social... Continue reading
Posted Dec 5, 2018 at King & Wood, P.A.
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What Does Irrevocable Really Mean?
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What Does Irrevocable Really Mean? “When it comes to implementing an estate plan, the word irrevocable is commonly part of the conversation. While it may sound scary to do anything irrevocable, in estate planning there are several instances where it may make sense.” The Patriot Ledger’s recent article, “Sometimes irrevocable... Continue reading
Posted Dec 4, 2018 at King & Wood, P.A.
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Can Prince’s Estate Trademark the Color Purple?
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Can Prince’s Estate Trademark the Color Purple? “One of Prince's many nicknames was The Purple One. It was reportedly his favorite color, and after the success of Purple Rain, its use defined his image and his legacy.” Prince’s Estate is set to claim ownership over the use of "the color... Continue reading
Posted Dec 3, 2018 at King & Wood, P.A.
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How Do I Include Heirlooms in My Estate Plan?
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“Splitting up money is easy. Splitting up an antique car or a vacation home isn't. Unless you plan ahead by answering these three questions, your family could be in for some strife.” With baby boomers now starting one of the largest transfers of wealth in U.S. history, many people are... Continue reading
Posted Nov 30, 2018 at King & Wood, P.A.
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When Do I Cash in My Savings Bonds?
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“Whether you got them as a birthday gift from Grandma or bought them through a payroll deduction on your first job, you may own U.S. Savings Bonds that have stopped earning interest.” The common variety of bonds that were first issued in 1980 are the Series EE Bonds. These bonds... Continue reading
Posted Nov 29, 2018 at King & Wood, P.A.
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How Do I Draft an Advance Directive in Oregon?
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“When it comes to estate planning and making preparations for the end of your life, you may benefit a great deal from creating an advance directive.” An advance directive, also called an advance health care directive or a living will, is a legal document that states what health care decisions... Continue reading
Posted Nov 28, 2018 at King & Wood, P.A.
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What Do I Need to Know About an Inherited IRA?
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“Make note of two important dates after inheriting an IRA: Dec. 31, when required minimum distributions must be taken by, and Sept. 30 of the year after death.” U.S. News & World Report’s recent article, “What Day of the Dead Can Teach Us About Inherited IRAs,” says that understanding all... Continue reading
Posted Nov 27, 2018 at King & Wood, P.A.
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What Odd Things are Connected to Dementia?
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“Dementia is an umbrella term used to describe diseases associated with memory loss, like Alzheimer's disease. There are several things that are commonly known to lead to it, such as high blood pressure or a traumatic brain injury. However, as fairly recent research has found, there are also some pretty... Continue reading
Posted Nov 26, 2018 at King & Wood, P.A.
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What Should I Know About Buying a Vacation Home on the Beach?
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What Should I Know About Buying a Vacation Home on the Beach? “Buying a beach house can bring an excellent return on investment (ROI), a reliable income stream and access to a delightful vacation spot.” There are many beach house investors, who purchase homes they will rent out during peak... Continue reading
Posted Nov 23, 2018 at King & Wood, P.A.
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Am I Required to Pay My Dead Spouse’s Medical Bills?
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Am I Required to Pay My Dead Spouse’s Medical Bills? “Be careful what papers you sign, if you bring a sick spouse for medical care.” When a person passes away, his or her spouse may be responsible for some of the decedent’s outstanding medical bills. Generally, there are some items... Continue reading
Posted Nov 22, 2018 at King & Wood, P.A.
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Why Would I Need to Create a Special Needs Trust?
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Why Would I Need to Create a Special Needs Trust? “You may want to see if any of these five common reasons for establishing a special needs trust apply to your family.” WTOP’s recent article, “5 reasons to consider a special needs trust,” explains that a special needs trust (also... Continue reading
Posted Nov 21, 2018 at King & Wood, P.A.
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How Do I Qualify for Medicaid?
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How Do I Qualify for Medicaid? “It is often very difficult to qualify for Medicaid. However, the following steps can help determine if you are eligible and improve your odds of obtaining coverage.” If you’re in need of long-term care and can’t afford to pay for either the actual care... Continue reading
Posted Nov 20, 2018 at King & Wood, P.A.
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How Do I Help My Elderly Parent Manage His Money?
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How Do I Help My Elderly Parent Manage His Money? “It’s a common issue as investors live longer and hold portfolios amassed over a lifetime.” Experts say that children need to approach financial discussions with their parents with a soft touch. Everyone slows down as they age, and it can... Continue reading
Posted Nov 19, 2018 at King & Wood, P.A.
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What are the Four Documents You Need in Retirement?
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What are the Four Documents You Need in Retirement? “This paperwork will make difficult decisions easier on yourself and your heirs.” U.S. News & World Report’s recent article, “4 Documents You Need in Retirement” explains that once you retire, or perhaps even before you retire, you should think about documents... Continue reading
Posted Nov 16, 2018 at King & Wood, P.A.
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How Do I Spend Wisely in Retirement?
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How Do I Spend Wisely in Retirement? “It’s OK to live it up—within reason.” When you retire, you have plenty of free time. However, you should be sure that shopping and spending excessively doesn’t become your new vocation. If by nature you’re a shopper, try focusing your energy on searching... Continue reading
Posted Nov 14, 2018 at King & Wood, P.A.
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Do I Have to Report the Value of a 529 Plan on My State Taxes?
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Do I Have to Report the Value of a 529 Plan on My State Taxes? “Certain kinds of beneficiaries may owe the New Jersey inheritance tax.” Does the value of a 529 plan need to be reported on the New Jersey state inheritance tax filing? That was the question asked... Continue reading
Posted Nov 14, 2018 at King & Wood, P.A.
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What’s the Latest on the Fight Over Glen Campbell’s Estate?
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What’s the Latest on the Fight Over Glen Campbell’s Estate? “A recently appointed administrator in the estate of singer Glen Campbell is disputing more than $1.3 million in claims filed by his widow Kimberly.” Several motions have been filed in Davidson Probate Court in Tennessee, where Blaine H. Smith has... Continue reading
Posted Nov 13, 2018 at King & Wood, P.A.
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