‘Clawback’ concerns linger under new tax law
Apr 25, 2018
The new tax reform package increases an individual’s lifetime exemption from roughly $5.5 million to $11.2 million, with an expiration date of December 31, 2025. Q: Who can this tax reform help and ho...
See Full Guide
Estate planning still essential, despite increased exemptions
Apr 25, 2018
The Tax Cuts and Jobs Act (TCJA) reduces individual and corporate tax rates, eliminates a bevy of deductions and makes a host of changes to how Americans can preserve their wealth. Q: What effect will...
See Full Guide
Thinking About a Pre-Need Funeral Plan? Here’s What You Need to Know
Apr 25, 2018
While it’s not a subject most of us want to think about, the question of to take care of our end-of-life expenses often sits in the background and nags at us. Q: Why are Pre-need funeral plans benefic...
See Full Guide
Use your will to dictate how to pay your debts
Feb 11, 2018
The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs on how to pay your debts. While generally heirs cannot inherit debt, an ...
See Full Guide
Family dispute illustrates need for long-term care plan
Feb 11, 2018
A recent New Jersey court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes. The case involved two brothers who got into a fight over...
See Full Guide
Proving the hardship exception to the Medicaid penalty period
Feb 11, 2018
If you transfer assets within five years of applying for Medicaid, you will likely be subject to a period of ineligibility. There is an exception, however, if enforcing the penalty period would cause ...
See Full Guide
Tips for choosing your executor
Dec 24, 2017
Choosing your executor, who will administer your estate and carry out your final wishes, may be one of the most important decisions you make when preparing your will. Q: What is the first step of choo...
See Full Guide
Pre-litigation claims can be effective in estate tax disputes
Dec 24, 2017
Pre-litigation is activity that occurs before a legal suit is filed. If you are involved in an estate transfer and your rights are unclear, pre-litigation may be an effective way to establish your pos...
See Full Guide
Communicate with your kids before leaving unequal assets
Dec 24, 2017
When it comes to leaving money to the kids, some parents struggle to reconcile "equal" with "fair." An equal inheritance treats each child the same, regardless of life situation or special circumstanc...
See Full Guide
How to leave your home to the kids
Dec 24, 2017
Deciding when and how to relinquish the family home can be one of the most challenging issues seniors face. For many, a home is their most valuable asset and a cornerstone of the wealth they’d like to...
See Full Guide