Survey: Family drama causes estate issues
Jul 30, 2019
Families face a variety of estate planning challenges, and family drama may be chief among them. Q: How often are family challenges a problem in estate planning? A: According to a survey by TD Wealth....
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Would-be divorcees face year-end tax deadline
Jul 30, 2019
If you are planning a divorce, talk to an adviser about how changes in the Tax Cuts and Jobs Act (TCJA) will affect your taxable income. Q: What is the Tax Cuts and Jobs Act? A: Under the new law, for...
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Including frequent flyer miles in estate plans
Jul 30, 2019
In more recent times, it has become important to include frequent flyer miles into your estate plan. Q: Why have frequent flyer miles become a point of concern with estate planning? A: Each airline ha...
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‘Fiduciary rule’ voided by judge: What the decision means for you
Jul 30, 2019
The fiduciary rule, a regulation that required financial advisers to put their clients’ interests ahead of their own, is now dead. Q: What is the Fiduciary Rule? A: The fiduciary rule required financi...
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Buying long term care insurance for your parents
Jul 01, 2019
In many families, one or more adult children will step up to help Mom and Dad when they can no longer safely take care of themselves. That could mean time away from your family and job or pitching in ...
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When your parents die with debt
Jul 01, 2019
At any age, the death of a parent is a difficult experience. But these days more adult children are dealing with an added stressor: the realization that Mom or Dad died with debt. Q: Generally speakin...
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New tax law prompts IRA conversions
Jul 01, 2019
Lower income tax rates make this an attractive time to convert your traditional IRA into a Roth IRA. By converting, you’ll pay taxes on those funds now instead of at some future (likely higher) rate. ...
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Protect work with lasting value: Estate planning for copyrights
Jul 01, 2019
Artists and their families have unique needs when it comes to estate planning. strategies to protect the value of an artist’s work during and after his or her lifetime. Q: What bodies of work are elig...
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Make an estate plan for your digital assets
Jul 01, 2019
In the past, traditional estate planning delegated control to family members over tangible things but with the ever growing popularity of social media our digital assets are now of concern. A statute ...
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Evaluating generation-skipping tax transfers
Apr 25, 2018
Your current financial plan may include wealth transfers to grandchildren, great-grandchildren or other descendants, and these gifts may be subject to a generation-skipping tax (GST). Q: Why was the G...
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